Chaffee County Market Update – April 2025

Chaffee County Real Estate Market Snapshot – April 2025

As we move deeper into spring, the April 2025 housing data from REcolorado provides fresh insights into buyer behavior, inventory trends, and pricing in Chaffee County—including a closer look at Salida and Buena Vista. The data shows a market in flux, with inventory stabilizing but buyer activity still lagging behind previous years.

County-Wide Trends

• Inventory on the Rise: Active listings countywide increased to 233, offering buyers more options than in previous months.

• New Listings Up: New listings rose by 62% year-over-year and 10% from March, totaling 89 new properties entering the market.

• Fewer Closings: Despite the jump in listings, closed sales dropped 21% from last year and 9% month-over-month, with just 30 closed transactions.

• Prices Hold Steady: The median closed price in April was $720,000, down just 2% year-over-year, while the average closed price rose to $792,600.

• Homes Moving Faster: The median days on market dropped to 22 days, a notable improvement from the same time last year when homes were sitting much longer.

Spotlight: Buena Vista

Buena Vista experienced a sharp increase in new listings, up 82% year-over-year with 40 new properties. However, closed listings dropped 29%, showing that while sellers are returning to the market, buyers may be slower to act.

• Median Price: $677,500

• Average Closed Price: $793,351

• Median Days in MLS: Just 9 days, a dramatic drop from last year

• Inventory: 41 weeks of supply, signaling a shift toward a more balanced market

Spotlight: Salida

Salida followed similar trends but showed signs of softening:

• New Listings: Up 63% YoY to 39

• Closed Listings: Flat YoY, with 18 total sales

• Median Price: $722,000, holding firm

• Average Closed Price: $794,000

• Days on Market: 44, down from March but still higher than pre-2024 levels

• Weeks of Inventory: 24, providing more breathing room for buyers

Key Takeaways

• Inventory growth is providing relief for buyers who faced limited choices over the past two years.

• Prices are holding steady, suggesting sellers are still able to command near-peak values even as sales volume fluctuates.

• Buyer hesitancy remains a factor, as elevated interest rates and affordability challenges weigh on purchasing decisions.

• Quick sales in Buena Vista point to strong demand when homes are priced and presented well.

Thinking of Buying or Selling in Chaffee County? Now may be the ideal time to list your property before summer activity ramps up. Buyers have more choices than they did last year, but well-priced homes are still moving quickly. As always, local insights matter more than ever in this dynamic market.

Want a custom market analysis for your neighborhood or home? Reach out—I'm here to help. Shawn Allison Shawn@FirstColorado.com