Is Steamboat Springs, CO 80487 a buyer’s or seller’s market?

The Steamboat Springs housing market right now

In the three months ending August 31, 2026, 7% of homes in Steamboat Springs, CO 80487 sold above their list price, the typical home went under contract in 40 days and there were 6.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 163 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 12%, homes sold more slowly (27 days then) and the median sale price fell 10% to $1,049,546. Overall, Steamboat Springs is less competitive than a year ago, which gives buyers more room.

Within Routt County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Steamboat Springs ranks #196 of 239 CO ZIP codes with enough sales (score 20 out of 100).

Nearby, buyers who want less competition could look at Yampa 80483 (0% sold over asking) or Phippsburg 80469 (0% sold over asking), while Clark 80428 (50% sold over asking) is even more competitive.