The Gunnison County real estate market saw impressive movement in October! Single-family home prices climbed sharply, both month-over-month and year-over-year. The median sold price for single-family homes saw a remarkable surge, underscoring continued buyer interest in the area.
Buyer activity also picked up, with pending sales increasing 36% from September, though still trending slightly lower compared to last year. Active listings dipped to 240 (down from 263 last month), while new listings also edged down slightly to 37, mirroring the same number we saw in October 2024. Homes spent an average of 161 days on the market, up 37.6% month-over-month and 11.8% year-over-year.
Active Listings: Down 8.7% from last month but up 9.6% compared to last year (219 active listings).
New Listings: Down 7.5% month-over-month, matching the 37 new listings seen this time last year.
Months of Supply: Decreased slightly to 7.6 months, a 7.3% drop from September, and just above the 7.2 months recorded in October 2024.
Pending Listings: Up 36% from the prior month, with 25 homes going under contract in September.
Closed Price vs. List Price: Sellers received 0.2% more of their asking price compared to last month, with the average at 96.9%, just above last year’s 96.7%.
Let’s chat! Whether you’re looking for market insights, a dream home, or the perfect investment, I’m here to help. Call, text, or email me anytime!