Market Report

Silt, CO 81652

Single-Family Homes

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Silt, CO 81652

Sat Jul 31 2021
This week the median list price for Silt, CO 81652 is $643,750 with the market action index hovering around 45. This is less than last month's market action index of 53. Inventory has increased to 22. Click here to stay informed with the Silt market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Silt, CO 81652

Sat Jul 31 2021
This week the median list price for Silt, CO 81652 is $643,750 with the market action index hovering around 45. This is less than last month's market action index of 53. Inventory has increased to 22. Click here to stay informed with the Silt market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Silt market.
Median List Price $643,750
Median Price of New Listings $642,500
Per Square Foot $292
Average Days on Market 73
Median Days on Market 21
Price Decreased 36%
Price Increased 9%
Relisted 5%
Inventory 22
Median Rent $1,600
Market Action 45
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,500,000 3,228 N/A 4 2 21 0 0 168
$789,500 2,524 5 - 10 acres 4 3 24 1 0 28
$571,500 2,176 1 - 2.5 acres 3 2 34 1 0 14
$407,500 1,355 8,000 - 10,000 sqft 3 2 52 1 1 24