Dillon, Colorado Housing Market

What stands out in Dillon?

• Against its own 2017–2019, Dillon leans further toward buyers than most tracked cities: among the strongest buyers’ markets against their own normal of 765 tracked cities. Buyers have unusual room right now.
• Homes for sale are 131% above 2017–2019: among the biggest inventory build-ups since 2017–2019 of 765 tracked cities. Buyers have far more choice than before the pandemic.
• 59.3% of homes are vacant: among the highest vacancy of 765 tracked cities. Tenants have choices. Budget extra vacancy.

How far have Dillon prices fallen?

Asking price per square foot in Dillon is 29.5% below its Jan 2023 high and down 3.7% over the last year. Prices were above the year before in 64% of months since the data starts, so drops here have not always reversed quickly. 23% of sellers have cut their price. Underwrite with no price growth for now and let the seller carry the next cut.

How much more is for sale in Dillon than before the pandemic?

There are 326 homes for sale in Dillon, 131% more than in 2017–2019 at this time of year. That count is up 48% on last year, with 38 new listings this month. More choice means you can walk away from any home priced for the market of three years ago.

Is housing keeping up with Dillon's growth?

The population in Dillon's ZIP codes grew 13.7% over five years, faster than 91% of the cities we track. Households (+41.0%) grew faster than housing (+1.0%). Demand is outrunning supply. Homes for sale are 131% above 2017–2019 at this time of year.

How much can you negotiate in Dillon?

For every 100 homes still for sale, 18 are under contract. In 2017–2019 at this time of year it was 94. The rest are still waiting for a buyer. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

The typical Dillon listing has been on the market 89 days. There are 326 homes for sale in Dillon. That is the most in ten years. It is 7 times the low of Feb 2018. Every one of them competes with the house you want.

What to do about it

• Search Dillon homes listed 90+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

Is now a good time to buy in Dillon?

The median asking price is 46.7% below its Jan 2023 peak. Per square foot the gap is smaller: 29.5% below the Jan 2023 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Dillon prices rose in only 71 of the last 111 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.

There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.

Who will rent from you in Dillon?

In Dillon, 38 out of every 100 households rent. Most own their home. The renter share is growing. Five years ago it was 31 in 100. Dillon added about 500 renter households in five years. Renter households average 2.3 people. Two and three bedrooms fit the typical renter.

The median Dillon household earns $97,463 a year. Incomes here have grown 2.7% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 8.2 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. At 30% of income, a tenant on the median income can pay about $2,437 a month.

To see what one Dillon address would rent for and cash flow, run it through the app.

When do Dillon prices dip?

Across 9 full years, Dillon asking prices ran lowest in October, about 1.6% below the year's average. They peaked in December. The most homes for sale show up in July, about 30% above the yearly average. Shop in July for choice, and expect the softest asking prices in October.

What numbers should you underwrite a Dillon deal with?

• Price growth to assume — +5.5%/yr. Dillon has grown about 5.5% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices fell 3.7% over the last year. Use it for timing. The five-year rate is the better guide.
• Months of carrying cost — 3. Budget at least 89 days of holding costs, the current median listing age, when you exit or refinance.
• Comp on price per square foot — $784/sqft. The typical Dillon listing shrank from 1,531 to 1,133 sqft since Jul 2016. So median price hides real growth: 119% per sqft versus 51% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — +48%. Homes for sale in Dillon are up 48% on last year, so your resale faces more competition than today's comps did.

Read how price cuts signal a market turning and how we read these numbers, then run the numbers on a deal.

What is the median home price in Dillon?

The median asking price in Dillon is about $799,000 as of Sep 2026, down 8.2% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Dillon figures cover the 1 ZIP code with a Dillon mailing address, which can reach past city limits.

Is Dillon a buyer's or seller's market in 2026?

Buyers have more room in Dillon than usual. We compare Dillon with 2017–2019 at this time of year: there are 18 pending sales per 100 listings, against 94 then; there are 131% more homes for sale; 23% of sellers have cut their price, against 14% then.

Are Dillon home prices going up or down?

The median asking price is 46.7% below its Jan 2023 peak. Per square foot the gap is smaller: 29.5% below the Jan 2023 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What price growth should I assume for Dillon?

Assume +5.5% a year. Dillon has grown about 5.5% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices fell 3.7% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in Dillon?

HUD's fiscal year 2026 fair market rent for Summit County is $2,467 a month for 2 bedrooms and $2,958 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.