The Steamboat Springs real estate market continues to shift as we move into the Fall. At the end of August, there were 223 active residential listings, a 75.6% increase compared to the same time in 2024. Inventory held steady from July’s 213 listings but has already expanded sharply in September, with 303 active listings now on the market. The launch of new developments has helped with inventory, giving buyers more choices than they’ve seen in recent years.
Pricing has remained relatively firm despite the influx of inventory. The average price per square foot in August was $855, just slightly up from $851 in July. However, supply levels are climbing. August ended with 5.7 months of supply (62.9% higher than last year), and early September data show supply has already reached 7.4 months. Homes are also taking longer to sell, with average days on market rising to 61 days in August compared to 48 days during the same month in 2024.
Several notable developments have recently entered the market or adjusted pricing, including Steamboat Basecamp on the west end of town ($1.3M–$1.9M), The Amble at the base of the mountain ($1.7M–$5M), and Roan in the Mountain Area ($3.6M–$4.7M). Our team also launched an exciting new project downtown on Yampa Street, The Emerald: five luxury four-bedroom rowhomes with rooftop terraces overlooking Howelsen Hill and the Yampa Valley, with construction beginning this fall.
Overall, the market is trending toward balance, with increased supply and longer days on market creating more options in certain price points for buyers. Sellers should be mindful that thoughtful pricing and strong presentation remain key to standing out in this evolving landscape.
