Average Price of Homes in Evergreen in 2024

You may have dreamed about living in the Colorado Rocky Mountains but have questions about what the average price of a home is in Evergreen Colorado in 2024.  This article is a great place to start as it will educate you on the current state of the market as well as the best time of year to buy and how competitive buying a home in the Evergreen market can be.  Let me start by saying that I am both a resident of Evergreen as well as a top producing Realtor with Keller Williams that specializes in mountain properties, so I am an expert on this topic.

I will first start by saying that Evergreen is a unique market. While it is close to Denver, Evergreen represents a population of buyers who are financially capable of buying single family homes in the $950k+ range and most likely are not first time home owners. Mountain homes are NOT priced by the square foot like they are in most other markets. The reason for this is mountain homes have too many variables that influence the price.  Mountain homes may have varying size lots, flat lots, lots on the side of a mountain, mountain views, no mountain views, condition of the home, and location can all greatly influence the price.

Evergreen Colorado Median Home Sold Price = $950’s (01/2024)

Lets start with the median home sold price of homes in Evergreen Colorado. This chart below represents the most current market trends. As I write this article it is January 2024 and the median home sold price is in the $950,000 range. That does not mean you can’t buy a home for less than $950,000, it just means that is that all the homes sold in the Evergreen market that is the median price.

As you can see from the graph below homes in Evergreen have been steadily increasing in price. You will see a few dips in this chart due mostly to seasonality and the number of homes that are listed for sale. Don’t let the current median sold price scare you. There are homes available in evergreen below the 900’s.

Active Listings – Evergreen Colorado

Evergreen is unique in that is a seasonal market with most of the home inventory decreasing between November and early March each year. Home inventory decreases every Winter and you can see that represented in the active listings graph below. Having said that while the inventory decreases in the Winter, this can be one of the best times to buy a home in Evergreen.  Reflect on the Median Sold Price graph above and you will see that cyclically, Winter is where prices dip.  Home owners in Evergreen know that they are less likely to sell their home in the Winter for top price than in the Spring or Summer months.  Most likely if you are selling in the Winter months then as a buyer you most likely have to rather than want to sell at this time in the market.

Median Days On Market

As of January 2024 the median days on market is around 30 days.  Interest rates have risen in the past year and buyers are more selective. Turnkey homes tend to move very quickly while other homes that maybe need a little work stay on the market a little longer. Throughout 2024 I believe homes in the $600-$1.8mm range will still be in high demand.

Median Showings to Under contract:

The average showings until contract chart is in alignment with the number of days on market. The Spring & Summer months reflect higher market demand and thus there are fewer showings before a home goes under contract. The graph below shows the median number of showings before a home goes under contract and that number has been shifting up.  The reason for this is because rates have increased and buyers have the time to be more selective. 

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