Is Rangely, CO 81648 a buyer’s or seller’s market?
Rangely is a buyer’s market. With about 24.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Rangely housing market right now
In the three months ending August 31, 2026, 33% of homes in Rangely, CO 81648 sold above their list price, the typical home went under contract in 70 days and there were 24.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold more slowly (19 days then) and the median sale price rose 43% to $304,868. Overall, Rangely is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Meeker 81641 (7% sold over asking) or Rifle 81650 (9% sold over asking).
Run the numbers for 81648
Nearby markets
Meeker 81641Seller’s market $174 /sq ftRifle 81650Balanced $310 /sq ft Browse all markets →Where Rangely is
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Questions about Rangely real estate
Is Rangely a buyer’s or seller’s market?
A buyer’s market: there were 24.5 months of supply in Rangely, CO 81648 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 Rangely?
The typical home went under contract in 70 days in the latest three months.
Do homes in Rangely sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.
What are property taxes in Rangely?
About 0.33% of a home’s value a year in Rio Blanco County, or roughly $1,320 on a $400,000 home.
What is the median home price in Rangely?
The median sale price was $304,868 in the three months ending August 31, 2026, about $117 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