Is Parachute, CO 81635 a buyer’s or seller’s market?
Parachute is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 14% of U.S. ZIP codes, and #199 of 239 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Parachute housing market right now
In the three months ending August 31, 2026, 0% of homes in Parachute, CO 81635 sold above their list price, the typical home went under contract in 42 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 30 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 8%, homes sold more slowly (15 days then) and the median sale price rose 23% to $416,820. Overall, Parachute is less competitive than a year ago, which gives buyers more room.
Within Garfield County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Parachute ranks #199 of 239 CO ZIP codes with enough sales (score 20 out of 100).
Nearby, Gypsum 81637 (28% sold over asking) and De Beque 81630 (25% sold over asking) are even more competitive.
Run the numbers for 81635
Nearby markets
De Beque 81630Buyer’s market $234 /sq ftGlenwood Springs 81601Balanced $438 /sq ftGypsum 81637Balanced $397 /sq ftNew Castle 81647Buyer’s market $380 /sq ft Browse all markets →Towns like Parachute nearby
Find towns like Parachute in other states →Where Parachute is
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Questions about Parachute real estate
Is Parachute a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Parachute, CO 81635 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Parachute?
The typical home went under contract in 42 days in the latest three months.
Do homes in Parachute sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.
What are property taxes in Parachute?
About 0.42% of a home’s value a year in Garfield County, or roughly $1,680 on a $400,000 home.
What is the median home price in Parachute?
The median sale price was $416,820 in the three months ending August 31, 2026, about $249 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology