Is it a buyer's or seller's market in Steamboat Springs in 2026?

As of mid-2026, Steamboat Springs is best described as a market transitioning to balanced, with the edge shifting toward buyers in most segments. Inventory has risen sharply off pandemic-era lows, homes are taking longer to sell, and price reductions are common. Months of supply sit in the rough range of two to three, below the six months that defines a fully balanced market, so sellers are not at a disadvantage yet, but buyers have meaningfully more leverage than a year ago. Short-term-rental-eligible condos remain the most competitive segment.

What is the median home price in Steamboat Springs right now?

The most recent monthly reading from Redfin put the citywide all-home median near $972,000 in January 2026, up roughly 3 percent year over year. A broader full-year 2025 residential median was reported closer to $1.05 million. The two differ because they cover different time windows and different mixes of homes that sold. The practical takeaway is that Steamboat prices have plateaued near the $1 million mark after the rapid run-up of the pandemic years. Your specific neighborhood and property type can vary widely from that figure.

Are home prices in Steamboat Springs going up or down?

Prices are essentially flat with small movements in both directions depending on the segment and the time window measured. Citywide median was up about 3 percent year over year in the January 2026 reading, while full-year 2025 figures showed a roughly 5 percent dip in the all-residential median and about a 4 percent easing in price per square foot. The clear takeaway is that the rapid appreciation of 2021 through 2023 has ended and the market has settled into a plateau. Most local forecasts anticipate modest price appreciation across property types as 2026 progresses.

How long are homes taking to sell in Steamboat Springs?

Significantly longer than during the surge. Redfin's January 2026 reading showed median days on market well above 100, compared with around 32 a year earlier. Mid-winter is the slowest stretch in a ski town, so that figure typically compresses through the summer selling season. Even so, the broad trend is clear: correctly priced, well-presented homes still sell efficiently, while overpriced listings now accumulate days and usually end up with price cuts.

How much inventory is on the market in Routt County?

Far more than during the pandemic lows, when spring inventory sometimes dropped to 250 to 275 residences. Listings have risen substantially across the cycle, and months of supply in spring 2026 ran in the rough range of two to three months versus the six months that signals a fully balanced market. Interestingly, the pace of brand-new listings slowed in some early-2026 weeks even as overall standing inventory stayed elevated, which is typical late-cycle behavior and a reason well-positioned homes can still stand out.

How is the Steamboat condo market doing compared to single-family homes?

Condos, particularly mountain-area units at the base of Steamboat Resort with short-term-rental potential, are the most resilient part of the market. Steady investor and second-home demand keeps that segment tighter and more competitive than detached single-family homes, which have absorbed most of the recent inventory increase and now offer buyers more room to negotiate. If you are shopping rental-eligible condos, expect to move decisively; if you are shopping detached homes, expect more leverage.

Did Steamboat hold up better than other Colorado mountain towns?

Yes, on the dollar-volume measure. While several Colorado resort markets reported a slowdown after the post-pandemic surge, Routt County buyers drove an estimated 33 percent year-over-year increase in spending in the first quarter of 2026, per Colorado Sun reporting, and that happened even with thin new-listing supply. Rising dollar volume on tight new inventory points to durable demand for Steamboat specifically, concentrated at the upper end and in rental-eligible properties.

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Steamboat Springs, CO 80487
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The Cheryl Foote Team is a real estate we affiliated with COMPASS STEAMBOAT, a licensed real estate broker and abides by all applicable Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Some or all of the listings may not belong to the firm whose website is being visited. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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