Great NoCo Homes Market Update

Estes Park, CO

Single-Family Homes

Doug Lindstrom | www.GreatNoCoHomes.com



Estes Park, CO

Sat Feb 04 2023
This week the median list price for Estes Park, CO is $995,000 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has increased to 23. Click here to stay informed with the Estes Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Estes Park, CO

Sat Feb 04 2023
This week the median list price for Estes Park, CO is $995,000 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has increased to 23. Click here to stay informed with the Estes Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Estes Park market.
Median List Price $995,000
Median Price of New Listings $920,000
Per Square Foot $359
Average Days on Market 80
Median Days on Market 77
Price Decreased 30%
Price Increased 0%
Relisted 0%
Inventory 23
Median Rent
Market Action 33
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,100,000 6,031 2.5 - 5 acres 5 4.5 24 0 1 133
$1,137,500 3,091 1 - 2.5 acres 3 3 36 1 0 70
$909,500 2,661 0.25 - 0.5 acre 3 2.8 30 1 1 66
$737,000 1,246 0.25 - 0.5 acre 3 1.8 82 1 0 70