July 2025 — Steamboat Springs Real Estate Market Report

By Ben Berend Blog, Steamboat Springs Real Estate Market July 18, 2025

The Steamboat Springs real estate market remained relatively stable in June 2025, with indicators pointing toward a more balanced environment for buyers and sellers alike. The median sales price reached $1.1M, marking a 3.8% increase from last year — June 2024. While the average price per square foot saw a modest year-over-year increase of 1.2% to $769, it dipped slightly from $775 in May. Prices are not dropping; however they are growing at a much smaller pace than the red hot years of 2020 -2024. Inventory continues to build, with 302 active listings at the end of June—up from 287 in May and representing a significant 57.3% increase compared to the same time last year. The market is now sitting at 5.9 months of inventory, including 5.2 months of supply specifically for single-family homes, suggesting a move toward a more neutral market. Buyer activity remains consistent, with showings averaging 2.6 per listing in June. The average days on market was 62 days, down 3.1% from last year and up slightly—by 2 days—from the previous month.

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About the Author

Ben Berend, ASSOCIATE BROKER | TEAM LEAD

Born and raised in Steamboat Springs, Ben spent his childhood at Howelsen Hill dreaming of someday competing in the Winter Olympics. He realized that dream by representing the United States in the 2018 Winter Olympics, becoming one of 100 Olympians from Steamboat Springs dating back to 1932.

Ben believes in learning from the best, which is why he returned to Steamboat Springs and joined forces with Cam Boyd – former co-owner of Steamboat Sotheby’s and one of the highest producing agents in the country. Together, Cam and Ben created the Boyd & Berend Group, a team focused on the luxury real estate market in Steamboat Springs. Last year, the Boyd & Berend Group worked with buyers and sellers on 47 transactions totaling over $72m – solidifying them as a market share leader within the Yampa Valley.

Ben’s approach to the business centers around strong communication, building lasting relationships, and bringing a persistant energy to each transaction – which he attributes to his prior career as a professional athlete.

Ben was elected to the Parks and Recreation Commission in 2021, where he continues to serve. He also volunteers as a ski coach at the Winter Sports Club and leads Olympic Heritage Tours for the local Tread of Pioneers Museum. Outside of work, Ben is known for his grand adventures on bikes and skis.