Estes Park & Larimer County Real Estate Market Update: November 2025 Trends

November's real estate numbers paint a fascinating picture of our mountain and Front Range markets heading into the holidays. While Estes Park is showing classic signs of a cooler, more inventory-rich environment where buyers have meaningful leverage, Larimer County is settling into a balanced rhythm that feels more normal than we've experienced in years.

Whether you're a buyer finally feeling like you can breathe and compare options, or a seller wondering how to stand out in a more competitive landscape, understanding these November trends gives you the insight you need to make informed decisions. Let's dive into what the numbers are telling us about both markets.

Estes Park Single Family Homes: More Inventory, More Opportunity

November brought 18 new single-family listings to the market in Estes Park, up slightly from 17 a year ago. That 5.9% increase tells us sellers are still raising their hands even as we head into the traditionally slower holiday season.

More importantly, pending sales climbed to 22 from 18 last November, a 22.2% jump. When we see pending sales outpacing new listings, it means buyers are still writing offers when a home lines up on price and condition, even with higher interest rates and snow on the ground.

The Price Story: Context Matters

With only 14 single-family closings in November, the price numbers need careful interpretation:

•       Median sales price: $452,500 (down 39.4% from $746,788 last year)

•       Average sales price: $671,129 (down 20.3% from $842,138)

Those numbers look dramatic on paper, but with such a small pool of closings, they mostly reflect a shift in which homes sold rather than the entire market suddenly losing 40% of its value. November saw more mid-priced homes close and fewer luxury sales, which naturally pulls the averages down.

What Buyers and Sellers Are Experiencing

The market dynamics tell a clearer story:

•       Days on market stretched from 109 to 120 (up 10.1%)

•       Months of supply: 5.4 (up from 5.1)

•       Active inventory: 88 listings (up 25.7% from 70)

This is a picture of a cooler, slower market with more options for buyers and more work required for sellers to stand out. The good news? Year-to-date numbers show single-family activity is actually busier than last year, with new listings up 29.7%, pending sales up 18.5%, and closed sales up 25%. Year-to-date median prices are only down 5.5%, with averages off just 4.5%.

Estes Park Condos and Townhomes: A Tale of Scarcity and Selective Sales

The condo and townhome segment tells almost the opposite story. New listings fell sharply from 25 last year to just 4 this November, an 84% drop. Pending sales followed suit, sliding from 11 to 4 (down 63.6%), while closed sales held steady at 9 units.

With only four new listings and four new contracts, most of November's action came from clearing out existing inventory. Days on market for condos jumped from 77 to 135 (up 75.3%), indicating many of the units that closed had been on the market for an extended period before finding the right buyer.

The November Price Spike: Understanding the Mix

Here's where things get interesting:

•       Median price: $656,838 (up 22.9% from $534,500)

•       Average price: up 26% year over year

That's not a sudden boom in the condo market. The nine units that closed in November skewed toward the higher end of our market. It reflects which properties ultimately made it to the finish line, not the entire segment taking off.

Year-to-date numbers confirm this: condo and townhome new listings are down 9.8%, pending sales are down 12.1%, closed sales are down 10.6%, and median prices are off 3.1%. The November price spike isn't a trend yet. It's simply the story of which specific properties closed.

Larimer County Single Family Homes: Finding Balance

Looking across Larimer County, November brought 308 new single-family listings, down 9.1% from 339 last year. Fewer sellers entered the market this month, which is typical seasonally, but notable given how much inventory has grown over the past year.

Pending sales rose from 325 to 340 (up 4.6%), while closed sales dipped from 324 to 300 (down 7.4%). That combination of more homes going under contract but fewer actually closing often shows up when buyers and sellers are still negotiating around inspection issues, rate buydowns, and closing timelines.

Price Movement: Gentle Cooling, Not Collapse

•       Median price: $549,975 (down 3.5% from $570,000)

•       Average price: $659,920 (down 6% from $702,397)

•       Days on market: 81 (up from 75, an 8% increase)

•       Active inventory: 1,167 listings (up 16.6% from 1,001)

•       Months of supply: 3.9 (up from 2.9, solidly in balanced territory)

Prices have clearly cooled from their recent peaks, but they're not falling off a cliff. Year-to-date, Larimer County has actually been busier: new listings up 12.9%, pending sales up 9.4%, closed sales up 10.1%, and median prices down just 1.5%. That's a classic high-rate environment pattern with more normal inventory and transaction volume while prices plateau instead of surging.

Larimer County Condos and Townhomes: Sideways Market

The county's condo and townhome market brought fewer fresh options in November. New listings dropped from 119 to 70 (down 41.2%), and pending sales fell from 99 to 77 (down 22.2%). Closed sales, however, ticked up slightly from 77 to 79.

Gentle Softening in Prices

•       Median price: $405,000 (down 2.9% from $417,750)

•       Average price: $444,691 (down 2.4% from $455,561)

•       Days on market: 90 (up 12.5% from 80)

•       Months of supply: 3.7 (down slightly from 3.8)

We're seeing a gentle softening, not a crash. Year-to-date, condo and townhome new listings are up 4.5%, closed sales are basically flat, and prices are down less than 1% on both median and average. November's softer numbers represent more of a sideways glide than a big directional shift.

What This Means for You

For Estes Park Sellers

Single Family Homes: The headline is that more of your neighbors decided to sell this year, and buyers responded, but they're gravitating toward value. The big November median price drop is mostly a reflection of who sold, not a verdict on your home's worth. Still, with months of supply in the mid-5s and days on market creeping up, you can't rely on the 'list high and see what happens' approach.

Strategic pricing, strong presentation, and proactive negotiation are what separate the homes that go under contract from the ones that just rack up days on market. Be prepared to consider tools such as rate buydowns or closing cost credits.

Condos and Townhomes: This is a patience and positioning game. Fewer new listings mean less competition, but buyers are extremely choosy and watching their monthly payments closely. If your property is special in terms of view, access to Rocky Mountain National Park, or short-term rental potential where allowed, you can still achieve a strong price. But you'll need to lean into those strengths and be realistic on timing.

For Estes Park Buyers

You have more leverage than you've had in several years, especially in the single-family segment. You're no longer racing 10 other offers on day one. Instead, you can shop, negotiate, and use inspection and appraisal as real tools rather than just hurdles. The trade-off is that rates are higher, so it's important to look at the total monthly cost and use tools like seller-paid buydowns, where we can negotiate them in.

For Larimer County Sellers

Think of this as a skills-based market. With months of supply around 3 to 3.9 months, you're not fighting a lot of competition, but buyers have enough options that they can walk away. The homes that win are the ones that show well online, feel move-in ready, and are priced in line with recent closed comps, not aspirational list prices from 2022. Expect buyers to ask for help with closing costs or rate buydowns, and building that into your strategy upfront usually leads to smoother negotiations.

For Larimer County Buyers

This is probably the most balanced environment you've seen in a while. You're not chasing runaway price gains, and you do have the ability to compare a few homes before deciding. The flip side is that the best-presented properties still move quickly and often attract multiple offers, even in a balanced market. Being preapproved, understanding your payment comfort zone, and being ready to write a clean offer when the right home appears are still critical.

Working with the Right Lending Partner Makes All the Difference

One of the keys to successful transactions in any market is working with a lender who understands our local area and can help navigate the complexities of mountain property financing. That's why we consistently recommend Harriette Woodard at Bank of Colorado Mortgage.

Harriette has helped countless clients navigate lending smoothly and get to the closing table, even when transactions get complex. Whether you're buying your first mountain home or navigating a strategic property move, having a trusted lending partner makes all the difference.

Your Next Steps in This Market

Whether you're considering buying or selling in Estes Park or across Larimer County, understanding these market trends is just the beginning. At Signature Home Team, we specialize in helping discerning buyers and sellers navigate real estate transitions with the local expertise, five-star service, and genuine care that makes your journey seamless.

Our proven Signature Way system ensures you receive innovative marketing, dedicated specialist support, and strategic guidance throughout your real estate journey. We don't just track the numbers; we help you understand what they mean for your specific situation and goals.

Ready to discuss your mountain living or Northern Colorado real estate goals? We'd welcome the opportunity to be your resource.

If you found these monthly market insights helpful, consider signing up for our customized market report. We can tailor it to your specific zip code or even just your neighborhood so you can see every property that lists, goes under contract, and closes. It's a great way to stay informed about what's happening right in your area.

Relevant Links

•       Get Your Free Home Value Estimate

•       Sign Up for Your Customized Market Report

•       Download Our Home Buyer Guide

•       Download Our Home Seller Guide

•       Connect with Harriette Woodard - Bank of Colorado Mortgage

•       Subscribe to Estes Park Living on YouTube

About the Author: Jeff Abel is a licensed real estate agent with Signature Home Team, brokered by Keller Williams Top of the Rockies, specializing in Estes Park and Northern Colorado mountain communities. He shares insights about real estate and mountain living through the Estes Park Living channel.