January 2026 - Steamboat Springs Real Estate Market Report

The Routt County residential market is continuing to find its footing as we reflect on New Year activity, with clear signs of a shift toward a more balanced landscape. Year-to-date, the median sale price stands at $990,000, up 5.9% from 2025, reinforcing that overall values remain strong despite changing conditions. However, the pace and structure of transactions are evolving, signaling a market that is less about urgency and more about strategy.

One of the most notable changes is in negotiation. Homes are now closing on average 4.39% below asking price, a meaningful shift from 2025 when most properties traded near list price. This adjustment reflects buyers exercising greater discretion and sellers responding to more competitive conditions. Median days on market have climbed to 74, up 40 days year-over-year, giving buyers more time to evaluate options and make informed decisions rather than acting quickly out of fear of missing out.

Inventory is also beginning to build. There were 57 new residential listings this past month, and currently 109 active residential listings—roughly 41% of the market—have had at least one price reduction. These price adjustments average 8.5%, underscoring the importance of realistic pricing as sellers compete for attention in a slower-moving environment. From our own evaluation, buyers in the market right now are more serious and engaged than earlier this winter, often watching closely and moving decisively when the right opportunity appears.

Pricing continues to vary significantly by bedroom count. Four-bedroom homes are averaging approximately $2,600,000, while one- to two-bedroom properties are averaging $932,500, highlighting both the strength of larger homes and the continued demand for smaller residences at more accessible price points.

Overall, the residential market in Routt County is transitioning out of the rapid-fire conditions of recent years into a healthier, more measured phase. Buyers are gaining leverage, inventory is increasing, and sellers who align pricing with current market realities are best positioned for success as we move further into the year.

Data pulled 01/30/2026 || January Market Stats.