Market Report

Grand Lake, CO 80447

Single-Family Homes

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Grand Lake, CO 80447

Tue Jun 06 2023
This week the median list price for Grand Lake, CO 80447 is $808,900 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has increased to 24. Click here to stay informed with the Grand Lake market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since 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.

Grand Lake, CO 80447

Tue Jun 06 2023
This week the median list price for Grand Lake, CO 80447 is $808,900 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has increased to 24. Click here to stay informed with the Grand Lake market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since 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 Grand Lake market.
Median List Price $808,900
Median Price of New Listings $789,450
Per Square Foot $533
Average Days on Market 109
Median Days on Market 56
Price Decreased 21%
Price Increased 0%
Relisted 17%
Inventory 24
Median Rent
Market Action 31
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$2,170,000 3,293 1 - 2.5 acres 4 3.8 40 0 0 203
$844,450 2,136 0.5 - 1 acre 3 3 23 2 0 14
$757,500 1,844 0.25 - 0.5 acre 3 2 25 1 0 91
$574,000 794 0.25 - 0.5 acre 1 1 22 1 1 21