Market Report

Silt, CO 81652

Single-Family Homes

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Silt, CO 81652

Thu Feb 21 2019
This week the median list price for Silt, CO 81652 is $412,000 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 26. 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

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

Thu Feb 21 2019
This week the median list price for Silt, CO 81652 is $412,000 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 26. 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

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 $412,000
Per Square Foot $196
Days on Market 206
Price Decreased 23%
Price Increased 0%
Relisted 8%
Inventory 26
Median House Rent $1,900
Most Expensive $1,750,000
Least Expensive $230,000
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
$1,062,500 3,227 N/A 3 3 22 0 0 456
$552,500 2,523 5 - 10 acres 3 2 15 0 1 165
$379,000 2,112 0.25 - 0.5 acre 3 2 19 0 0 160
$245,000 1,384 6,500 - 8,000 sqft 3 2 22 1 1 73