Market Report

Glenwood Springs, CO 81601

Single-Family Homes

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Glenwood Springs, CO 81601

Mon Feb 06 2023
This week the median list price for Glenwood Springs, CO 81601 is $1,175,000 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has held steady at or around 35. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Glenwood Springs, CO 81601

Mon Feb 06 2023
This week the median list price for Glenwood Springs, CO 81601 is $1,175,000 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has held steady at or around 35. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Glenwood Springs market.
Median List Price $1,175,000
Median Price of New Listings $1,042,500
Per Square Foot $504
Average Days on Market 87
Median Days on Market 42
Price Decreased 20%
Price Increased 3%
Relisted 3%
Inventory 35
Median Rent
Market Action 34
Slight Seller's Advantage

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.

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
$1,944,000 3,202 2.5 - 5 acres 4 4 19 0 0 24
$1,350,000 3,042 0.5 - 1 acre 4 4 23 1 1 91
$995,000 2,133 0.25 - 0.5 acre 3 3 0 0 1 28
$685,000 1,480 6,500 - 8,000 sqft 2 2 65 1 2 119