Ridgway Housing Market Update: Prices Hold Near $957K as Inventory Stays Tight
Ridgway, CO – March 14, 2026 – Home prices remain elevated near $957K, with limited sales and tight inventory shaping early spring conditions.
Ridgway’s housing market is moving into the spring season with prices holding firm and inventory remaining limited. While some Colorado markets are seeing modest increases in listings, activity locally continues to reflect a small pool of available homes and relatively light sales volume.
Top takeaways
- Median sale price around $957K, up 16.3% year over year.
- Price per square foot near $507.
- Homes averaging about 51 days on market.
- 30-year mortgage rates briefly dipped below 6% in late February.
Market snapshot
Recent data place the median sale price at $957,000, marking a 16.3% increase compared to the same time last year. The median price per square foot is approximately $507, underscoring the area’s position among higher-priced mountain communities.
Homes are spending a median of 51 days on the market. Sales activity remains limited, which is typical for a smaller housing base where a handful of transactions can noticeably shift monthly statistics. In Ouray County overall, homes sold below original asking price on average late last year, suggesting buyers may still find room to negotiate depending on property specifics.
Financing and regional context
Mortgage conditions improved slightly in late February, when the average 30-year fixed rate briefly moved under 6%. Lower borrowing costs can help support buyer activity, particularly during the early spring window when interest often begins to build.
Across larger Front Range markets, early March reports indicate rising active listings and steady pending sales. In contrast, Ridgway’s smaller inventory means each new listing or closing can have an outsized impact on reported trends, contributing to month-to-month variability.
What’s for sale
Current inventory includes a mix of in-town single-family homes, higher-elevation properties with acreage, custom-built residences, vacant land parcels, and mountain-view homes. Asking prices frequently approach or exceed the $1M mark depending on size, location, and amenities.
With prices elevated and supply relatively tight, the market remains competitive, though recent county-level trends suggest some flexibility may exist for well-positioned buyers. As spring progresses, new listings and shifting mortgage conditions will play a key role in shaping the next phase of activity.
Sources
- https://www.redfin.com/city/16472/CO/Ridgway/housing-market
- https://www.realtor.com/realestateandhomes-search/Ouray-County_CO/overview
- https://www.corcoranperry.com/blog/posts/2026/03/11/march-2026-denver-housing-market/
- https://grokthemarket.com/2026/03/colorado-springs-housing-market-march-11-2026/