Summit County Real Estate Market Update: YTD Through May 2025
As we head into the heart of the summer selling season, the Summit County real estate market is showing signs of renewed activity. The big news is the increase in inventory. With 710 active listings year-to-date, inventory is up 38% compared to this time last year. This is the highest level we’ve seen since 2019 and offers buyers more options than they’ve had in recent memory.
May was a particularly active month. Sales were up 19% compared to May 2024, and those transactions pushed year-to-date closings to 467, a 5% increase. While the average sold price for May saw a 4% dip compared to last year, the year-to-date average sales price is still up 4%, now sitting at $1,475,607.
Summit County residential real estate stats 1/1/2025-5/31/2025, compared to the same timeframe last year
The market has also seen a shift in pace. The average number of days on market has increased to 74, which is 23 days longer than last year. However, homes are still selling at 98% of list price, which remains unchanged. The average price per square foot is holding steady at $824.
For those specifically interested in single-family homes, the second infographic offers a breakdown by town. Breckenridge and Keystone continue to lead the county in average sold prices, both hovering around $2.9M. Frisco saw a remarkable 300% increase in number of sales year-over-year, while Silverthorne prices jumped 20%. The broader Summit County average sold price for single-family homes rose 6% year-over-year to $2,659,160.
Single family real estate stats 1/1/2025-5/31/2025, compared to same period last year
Park County is also worth noting, especially for buyers exploring more affordable options nearby. The average sold price there is $608,814, up 3% from last year.
With gorgeous weather already settling in and many buyers arriving from lower altitudes to escape the heat, the season is just getting started. If you're thinking of buying or selling this summer, this is a great time to evaluate your options.
