Market Report
Glenwood Springs, CO 81601
Single-Family Homes
www.titlecorockies.com
Glenwood Springs, CO 81601
Sat Feb 27 2021
This week the median list price for Glenwood Springs, CO 81601 is $849,000 with the market action index hovering around 46. This is an increase over last month's market action index of 39. Inventory has held steady at or around 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $849,000 | |
| Per Square Foot | $338 | |
| Days on Market | 98 | |
| Price Decreased | 29% | |
| Price Increased | 6% | |
| Relisted | 6% | |
| Inventory | 17 | |
| Median Rent | $2,375 | |
| Most Expensive | $3,195,000 | |
| Least Expensive | $500,000 | |
| Market Action | 46 | |
| Strong Seller's Market | ||
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,752,500 | 4,550 | 10 - 20 acres | 3 | 3 | 9 | 0 | 1 | 199 |
| $905,500 | 2,740 | 0.25 - 0.5 acre | 3 | 2 | 1 | 1 | 2 | 49 |
| $767,000 | 2,272 | 0.25 - 0.5 acre | 3 | 2 | 11 | 1 | 3 | 52 |
| $592,000 | 2,130 | 0.5 - 1 acre | 3 | 2 | 40 | 1 | 3 | 105 |