October Market Update

October brings a fresh perspective to Chaffee County’s real estate market. As the vibrant fall colors paint the high country, the housing market continues to show strong activity and price growth. This update breaks down the latest trends for single-family homes, townhomes, and condos, and highlights what buyers and sellers can expect as the season progresses.

Single-Family Homes Market Snapshot

The single-family home segment in Chaffee County remains active with notable increases in listings and sales compared to last year. Here are the key figures for September 2025:

• New Listings: 42, up 7.7% from last year

• Sold Listings: 40, a 14.3% increase

• Median Sales Price: $777,000, rising 17.7%

• Average Sales Price: $951,996, up 32%

• Days on Market: 68, down 17%

• Percent of List Price Received: 96.8%, slightly higher

• Inventory: 228 homes, steady year over year

• Months Supply: 7.3 months, down 7.6%

  
  

These numbers show homes are selling faster and closer to their asking prices. The steady inventory combined with faster sales indicates a healthy demand. The significant jump in average sales price suggests buyers are willing to pay more for quality properties.

Townhomes and Condos Show Strong Growth

The multifamily market in Chaffee County is heating up, with townhomes and condos seeing remarkable increases in activity and prices:

• New Listings: 11, up 83%

• Sold Listings: 12, double from last year

• Median Sales Price: $624,250, up 18%

• Average Sales Price: $629,625, rising 21%

• Days on Market: 48, down 35%

• Percent of List Price Received: 99.4%, indicating strong seller performance

• Inventory: 59 units, up 47%

• Months Supply: 8.3 months, increased by 34%

  
  

The sharp rise in new listings and sales reflects growing interest in townhomes and condos. Buyers are moving quickly, and sellers are receiving nearly full asking prices. This segment is becoming increasingly competitive, making it a good time for sellers to consider listing.

Year-to-Date Overview (January to September 2025)

Looking at the broader picture for the year so far, the market continues to build momentum:

• New Listings: 519, a 17% increase

• Closed Sales: 284, up 7%

• Median Sales Price (All Properties): $719,000, up 2.7%

• Average Sales Price (All Properties): $804,497, rising 4.4%

  
  

The steady rise in listings and sales shows a market that is growing but balanced. Price increases are moderate overall, with some segments like single-family homes and condos experiencing stronger gains.

What This Means for Buyers and Sellers

Buyers should be prepared for a competitive market, especially in the townhome and condo sectors. Homes are selling faster and closer to asking prices, so having financing ready and acting quickly can make a difference.

Sellers can feel confident listing their properties now. The market shows strong demand and price growth, particularly for well-priced homes. With days on market decreasing, homes are moving faster than last year.

Local Highlights and Community Events

October is a beautiful time in Colorado’s high country. The fall colors are stunning, and the crisp air hints at the coming winter. This month, many are enjoying the outdoors and local culture.

One exciting event is the 32nd annual Salida ArtWalk from October 9 to 12. This art-filled weekend offers activities for art lovers and collectors, including gallery receptions and Art on the Rocks. It’s a perfect way to experience Salida’s vibrant arts scene while exploring the community.

Final Thoughts

Chaffee County’s real estate market is showing strong signs of growth and resilience this fall. With rising prices, faster sales, and steady inventory, both buyers and sellers have opportunities to make the most of their real estate journey.

Whether you are looking to buy a cozy condo, a spacious single-family home, or sell your property, staying informed about market trends will help you make smart decisions. Keep an eye on local events like the Salida ArtWalk to connect with the community and enjoy all that this beautiful region has to offer.

If you are ready to explore your options or have questions about the market, now is a great time to reach out to a local real estate expert who knows Chaffee County well.