October - Steamboat Springs Real Estate Market Report

As we move into October, Steamboat Springs continues to show signs of a market adjusting toward balance.
In September, there were 233 active residential listings, marking a 72.6% increase compared to the same time last year and 9 more listings than August. This gradual rise in inventory provides buyers with more options heading into the fall season. This is a contrast from the tight conditions we saw in previous years.

The average price per square foot in September was $849, down slightly (about 3%) from 2024. While prices have softened marginally, they remain strong relative to pre-pandemic levels, showing that demand for quality Steamboat properties remains resilient.

The market is also taking a bit more time to move. Average Days on Market climbed to 62 days, compared to 48 days a year ago. Similarly, months of supply reached 5.9, a 59.5% increase year-over-year, further signaling a shift toward a more balanced environment between buyers and sellers.

Steamboat’s market remains active with 96 new Pending Sales (Up 113% from 2024), with motivated buyers seeking opportunities and sellers adjusting to shifting conditions. As always, our team continues to monitor the data closely to help clients make confident, well-timed decisions.