The Steamboat real estate market continued to heat up in April with 50 residential sales—up 23% from April 2024 and just slightly down from March. Average sales price climbed to $2.06M, up 27% year-over-year and 10% month-over-month, while 40% of sales closed under $1M. Price per square foot averaged $766. Inventory is building, with 257 active residential listings in Routt County and 200 in Steamboat Springs—bringing months of supply to 5.1, nearing a balanced market. Homes spent a median of 24 days on the market (up from 16 in March), and 28% of April’s sales required a price drop before going under contract, averaging an 8.1% reduction. With 85 new listings and 85 pending sales in April—both up 6.3% year-over-year—the market is active, but strategic pricing and smart positioning remain critical. As a buyer, get ready because the summer inventory is on its way!

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