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Summit County Market Analysis | May 2025

Summit County Market Analysis | May 2025

Courtesy of Land Title Guarantee Company

April Summit County 2025 Market Overview

  • Total Transactions: 126
  • Monetary Volume: $156.8 million
  • Average Transaction Price: $1,366,145
  • Average Residential Price: $1,310,438
  • Average Residential Price per Square Foot (PSF): $833

Year-to-Date (YTD) 2025 Summary (January–April)

  • Total Transactions: 455
  • Monetary Volume: $644.7 million
  • Average Transaction Price: $1,548,400
  • Average Residential Price: $1,589,010
  • Average Residential PSF: $822

Market Trends: YTD 2025 vs. Full Year 2024

Average Price Indicators:

  • Single Family Homes: +3%
  • Multi-Family Homes: +2%
  • Vacant Land: +51%

Median Price Indicators:

  • Single Family Homes: -4%
  • Multi-Family Homes: 0%
  • Vacant Land: +3%

Market Change Comparison

April 2025 vs. April 2024:

  • Monetary Volume: Down 34%
  • Transaction Volume: Flat

YTD 2025 vs. YTD 2024:

  • Monetary Volume: Up 4%
  • Transaction Volume: Up 6%

Residential Cost Analysis (April 2025)

  • Total Residential Transactions: 92
  • Gross Volume: $120.6 million
  • Properties Sold for $1M+: 38
  • Breakdown:
    • Single Family Homes: 28
    • Multi-Family Homes: 64
    • Vacant Land: 2

Average Price by Property Type (YTD 2025):

  • Single Family Homes: $2,453,895
  • Multi-Family Homes: $1,062,558
  • Vacant Land: $1,079,071

Comparative Historical Cost Analysis

YTD 2025:

  • Transactions: 333
  • Gross Volume: $529.1 million
  • Properties Sold for $1M+: 185

YTD 2024:

  • Transactions: 334
  • Gross Volume: $502.4 million
  • Properties Sold for $1M+: 186

YTD 2023:

  • Transactions: 299
  • Gross Volume: $406.7 million
  • Properties Sold for $1M+: 142

Lender Analysis (April 2025)

  • Total Loans: 337
  • Sales-Related Loans: 75
  • Refinances: 75
  • Timeshare Loans: 188
  • Cash Transactions: 40% of real estate deals closed with cash

Purchaser Profile (YTD 2025)

  • Local Buyers: 34%
  • Front Range Buyers: 34%
  • Out-of-State Buyers: 31%
  • International Buyers: 1%

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