September 2025 Market Update

September brings a fresh perspective to Chaffee County’s real estate market. As the days grow cooler and the aspens turn golden, the local housing scene is shifting in ways that both buyers and sellers should understand. This month’s update reveals important changes in home prices, inventory, and market speed that will shape your next move.

Single-Family Homes Show Mixed Signals

In August 2025, the market for single-family homes in Chaffee County experienced some notable shifts. New listings decreased compared to last year, which means fewer fresh options for buyers. Despite this, more homes sold than in the same period last year, signaling continued demand.

Prices for single-family homes dipped in August, with the median price falling to $653,000. This represents a 16.8% decrease from last year’s August median. While this drop might raise concerns, the year-to-date prices have remained steady, suggesting the market is balancing out rather than declining sharply.

Homes are selling faster than before, averaging just over two months on the market. This quicker turnaround indicates that buyers are ready to act when they find the right property, and sellers who price their homes appropriately can expect timely sales.

Key points for buyers and sellers:

• Buyers may find fewer new listings but should act quickly when homes become available.

  
  

• Sellers benefit from strong demand but need to price homes competitively to match current market conditions.

  
  

Townhomes and Condos Offer More Choices but Face Price Pressure

The townhome and condo market in Chaffee County is showing a different pattern. Inventory has surged, with new listings up by 54%. This increase gives buyers a wider selection to choose from, creating more opportunities to find a home that fits their needs.

Despite the rise in options, prices for these properties fell in August. The median price dropped to $520,000, down 21% from last year. Additionally, these homes are taking longer to sell, which suggests buyers have more negotiating power and can be more selective.

Still, when looking at the year-to-date data, prices for condos and townhomes remain higher than last year. This means the market has not lost all its momentum, but sellers must be realistic about pricing to attract buyers in this more competitive environment.

What this means for you:

• Buyers can explore a larger inventory and may find better deals or room to negotiate.

  
  

• Sellers should focus on pricing homes right and highlighting unique features to stand out.

  
  

Seasonal Shifts and Market Outlook

As fall arrives, the real estate market in Chaffee County is steady but evolving. The cooler weather and changing scenery often inspire people to consider new homes or investment opportunities. This season, the balance between supply and demand is shifting, especially in the condo and townhome sectors.

Families and individuals looking to buy should take advantage of the increased inventory and the chance to negotiate better terms. Sellers still have opportunities to close deals, but success depends on understanding current market values and setting realistic prices.

The pace of sales in single-family homes suggests that well-priced properties will not linger on the market. Meanwhile, the condo and townhome market requires more patience and strategy due to longer selling times.

Community Events to Enjoy This Fall

Fall in Chaffee County is not just about real estate. It’s also a time to enjoy local traditions and outdoor activities. One event to mark on your calendar is the Pumpkin Patch & Harvest Festival happening on two weekends: October 3-5 and October 10-12.

Held at the Hutchinson Homestead & Learning Center and Hutchinson Ranch in Salida, this festival runs from 9 am to 12 pm and 1 pm to 4 pm each day. It’s a perfect way to celebrate the season with family, enjoy fresh air, and connect with the community.

Final Thoughts on Navigating the Fall Market

This fall, Chaffee County’s real estate market offers a mix of opportunities and challenges. Buyers will find more options, especially in condos and townhomes, and can negotiate better deals. Sellers face a market that demands careful pricing and quick action, particularly for single-family homes.

Staying informed about these trends will help you make confident decisions. Whether you are buying your first home, upgrading, or selling, understanding the current market dynamics is essential.

If you want to explore your options or discuss how these trends affect your plans, reaching out to a local expert can provide valuable guidance. The fall season is a time of change and new beginnings—make sure your real estate journey reflects that.