Jordie Karlinski's Market Report
Basalt, CO 81621
Single-Family Homes
jordie.karlinski@compass.com | 970-274-1255
Basalt, CO 81621
Fri Apr 26 2024
This week the median list price for Basalt, CO 81621 is $3,212,500 with the market action index hovering around 27. This is an increase over last month's market action index of 25. Inventory has decreased to 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
Real-Time Market Profile
| Median List Price | $3,212,500 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $944 | |
| Average Days on Market | 189 | |
| Median Days on Market | 168 | |
| Price Decreased | 28% | |
| Price Increased | 6% | |
| Relisted | 6% | |
| Inventory | 18 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $7,300,000 | 5,857 | N/A | 5 | 4.3 | 26 | 0 | 0 | 252 |
| $4,164,500 | 3,783 | 1 - 2.5 acres | 4 | 3.5 | 38 | 0 | 0 | 266 |
| $3,000,000 | 3,102 | 0.25 - 0.5 acre | 4 | 3.5 | 41 | 0 | 0 | 112 |
| $1,595,000 | 2,984 | 0.5 - 1 acre | 3 | 2.5 | 28 | 0 | 2 | 35 |