Single-Family Homes
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.
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.
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.
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 |