Is Estes Park, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Estes Park is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Estes Park was a Seller's Market.

Key Takeaway

Estes Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Estes Park, CO

How much do homes in Estes Park, CO cost?

Median Sold Price

$685,000

$412/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$5,000(-0.7%)

Key Takeaway

Homes in Estes Park have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Estes Park was $685,000 in May 2024, down 0.7% from last year, and the median price per square foot was $412.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $374.7K$362.5K
-3.3%
2 $465K$543.5K
+16.9%
3 $736.5K$725K
-1.6%
4 $945K$1.0M
+9.3%
5+ $990K$1.0M
+5.6%

Summary: Estes Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 16.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Cities

Estes Park
-0.7%
Drake
-9.1%

Housing Supply in Estes Park, CO

How many homes are available in Estes Park, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
117146+24.8%

Summary: The Estes Park real estate market had 146 homes for sale in May 2024, a 24.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 710
+42.9%
2 2833
+17.9%
3 4963
+28.6%
4 2028
+40.0%
5+ 1312
-7.7%

Summary: The Estes Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2414-41.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Estes Park, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Estes Park in May 2024, down by 41.7% month-over-month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% were sold over asking.

Days on Market for Estes Park, CO

How long does it take to sell a home in Estes Park, CO?

Average Sale Time

May 2023May 2024CHANGE
73 Days103 Days+41.3%

Summary: Homes in Estes Park had an average of 103 days on market in May 2024, up by 41.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Estes Park has remained consistent over time.

Summary: During May 2024, 14 homes were sold in Estes Park; 7% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

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