Market Report

Silt, CO 81652

Single-Family Homes

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Silt, CO 81652

Wed Mar 20 2019
This week the median list price for Silt, CO 81652 is $465,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 23. Click here to stay informed with the Silt market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Silt, CO 81652

Wed Mar 20 2019
This week the median list price for Silt, CO 81652 is $465,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has held steady at or around 23. Click here to stay informed with the Silt market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Silt market.
Median List Price $465,000
Per Square Foot $216
Days on Market 214
Price Decreased 35%
Price Increased 0%
Relisted 9%
Inventory 23
Median House Rent $1,800
Most Expensive $1,750,000
Least Expensive $220,000
Market Action Index
Slight Seller's Advantage
31

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,250,000 3,228 5 - 10 acres 3 3 20 1 0 422
$621,500 2,564 5 - 10 acres 3 3 16 0 1 219
$382,000 2,051 2.5 - 5 acres 3 2 21 0 2 196
$267,000 1,384 6,500 - 8,000 sqft 3 2 38 1 2 54