Market Report

Glenwood Springs, CO 81601

Single-Family Homes

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Glenwood Springs, CO 81601

Wed Oct 09 2024
This week the median list price for Glenwood Springs, CO 81601 is $1,595,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has increased to 43. Click here to stay informed with the Glenwood Springs market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Glenwood Springs, CO 81601

Wed Oct 09 2024
This week the median list price for Glenwood Springs, CO 81601 is $1,595,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has increased to 43. Click here to stay informed with the Glenwood Springs market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Glenwood Springs market.
Median List Price $1,595,000
Median Price of New Listings $760,000
Per Square Foot $603
Average Days on Market 117
Median Days on Market 112
Price Decreased 47%
Price Increased 2%
Relisted 7%
Inventory 43
Median Rent
Market Action 34
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$2,597,500 3,598 1 - 2.5 acres 4 3.5 17 1 0 119
$1,750,000 3,174 0.5 - 1 acre 4 3.5 2 0 1 140
$1,375,000 2,240 0.25 - 0.5 acre 4 2.5 8 0 1 119
$790,000 1,496 6,500 - 8,000 sqft 3 2 45 3 2 84