Market Report

Silt, CO 81652

Single-Family Homes

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Silt, CO 81652

Sat Nov 27 2021
This week the median list price for Silt, CO 81652 is $589,950 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 24. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Silt, CO 81652

Sat Nov 27 2021
This week the median list price for Silt, CO 81652 is $589,950 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has decreased to 24. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Silt market.
Median List Price $589,950
Median Price of New Listings $379,000
Per Square Foot $276
Average Days on Market 88
Median Days on Market 49
Price Decreased 33%
Price Increased 8%
Relisted 4%
Inventory 24
Median Rent $2,200
Market Action 43
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,499,500 2,280 N/A 3 3 31 0 1 115
$672,500 2,275 1 - 2.5 acres 3 2.5 22 1 0 42
$525,000 1,884 0.25 - 0.5 acre 3 2 20 0 1 38
$345,000 1,461 6,500 - 8,000 sqft 3 2 39 2 0 31