Summit County, Colorado Real Estate Market Report – 2024 Trends & Insights

Ah, Summit County—where the snow is fresh, the air is crisp, and the real estate market is hotter than a ski boot left in the sun. If you're wondering whether now is a good time to buy or sell in this beautiful mountain paradise, buckle up (or, you know, tighten your ski bindings). Let’s break down what’s happening in the market right now.

Market Overview: 2024 Real Estate Trends

The real estate market in Summit County is still moving at a pace that would make even an expert skier jealous. Prices are up, demand is high, and inventory is as elusive as a good parking spot in Breckenridge on a powder day.

By the Numbers

Single-Family Homes:

• Average Sold Price: $2,452,503 (up 14% from 2023)
• Number of Homes Sold: 362 (slight 0.3% decrease—probably because no one wants to leave!)
• Average Days on Market: 62 (just enough time for you to blink and miss your dream home)
• List-to-Sold Price Ratio: 96% (yes, sellers are still getting close to asking price—no lowballing here!)

Condos & Townhomes:

• Average Sold Price: $828,958 (up 4% from 2023)
• Number of Condos Sold: 633 (that’s a 4% increase—people love an easy ski-in/ski-out option!)
• Average Days on Market: 59
• List-to-Sold Price Ratio: 97% (buyers aren’t messing around)

Why is the Market So Strong?

Well, aside from the fact that Summit County is basically heaven for outdoor enthusiasts, here are a few key reasons:

Ski-In, Never Ski-Out – Once people move here, they don’t want to leave. Seriously, I know locals who have “accidentally” missed their flights home for years.

Limited Inventory – It’s simple supply and demand. With so few homes on the market, prices stay high. Think of it like trying to find a good après-ski table—scarcity makes it even more valuable.

Remote Work = Mountain Life – More people are realizing that if they can work from anywhere, why not do it from a place where you can hit the slopes on your lunch break?

Short-Term Rental Goldmine – The Airbnb and VRBO markets are thriving, making investment properties even more attractive.

Should You Buy or Sell Right Now?

Thinking of selling?
Yes! With home values climbing and buyer demand staying strong, this is a great time to cash in on your property. Whether you're upgrading, downsizing, or just tired of shoveling snow, it's a seller’s market.

Thinking of buying?
Also yes! Sure, prices are up, but so is the long-term value of owning property here. Plus, nothing beats the feeling of your own hot tub after a long day on the slopes.

See What A.I. Can Do for the Sale of Your Home

I’m not your average real estate agent—I’m one of the few AI-certified agents in the world and the only one in Summit County. I know ways of marketing that traditional agents don’t even know exists.  

More visibility. More buyers. Better results.

Want to see what AI-powered real estate can do for your home sale? Let’s talk!

Call/Text: +1 970-390-3711
Email: kim.obert@cbmp.com
Website: kimobert.com

I promise I’ll make the process smoother than a fresh groomer run! 

Disclaimer

All real estate market statistics in this report are sourced from publicly available data and local real estate reports, including Susie Cortright's Summit County Real Estate Statistics and Breckenridge Associates Real Estate. Market trends, home prices, and inventory levels are subject to change at any time.