Is Grand County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Grand County was a Seller's Market.
Housing Prices in Grand County, CO
How much do homes in Grand County, CO cost?
Median Sold Price
$770,000
$484/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Grand County was $770,000 in May 2024, down 6.7% from last year, and the median price per square foot was $484.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $405K | $468.5K | +15.7% |
2 Bedrooms | $554.9K | $684.5K | +23.3% |
3 Bedrooms | $771K | $800K | +3.8% |
4 Bedrooms | $1.3M | $1.0M | -23.1% |
5+ Bedrooms | $1.6M | $1.8M | +9.7% |
Summary: Grand County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Counties
Summit County | $1.0M | $1.1M | +18.8% |
Gilpin County | $542.5K | $566.2K | +4.4% |
Grand County | $825K | $770K | -6.7% |
Clear Creek County | $646.2K | $546K | -15.5% |
Housing Supply in Grand County, CO
How many homes are available in Grand County, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
128 | 187 | +46.1% |
Summary: The Grand County real estate market had 187 homes for sale in May 2024, a 46.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 28 | +40.0% |
2 Bedrooms | 35 | 52 | +48.6% |
3 Bedrooms | 35 | 51 | +45.7% |
4 Bedrooms | 24 | 35 | +45.8% |
5+ Bedrooms | 14 | 21 | +50.0% |
Summary: The Grand County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 48.6%, 3 bedroom homes increased by 45.7%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Grand County in May 2024, up by 14.3% month-over-month. Of the 16 sold homes, 69% were sold under asking, 6% were sold at asking, and 25% were sold over asking.
Days on Market for Grand County, CO
How long does it take to sell a home in Grand County, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 71 Days | +99.5% |
Summary: Homes in Grand County had an average of 71 days on market in May 2024, up by 99.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Grand County; 44% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.