Market Report

Basalt, CO 81621

Single-Family Homes

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Basalt, CO 81621

Tue May 21 2019
This week the median list price for Basalt, CO 81621 is $1,250,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 39. Click here to stay informed with the Basalt market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Basalt, CO 81621

Tue May 21 2019
This week the median list price for Basalt, CO 81621 is $1,250,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 39. Click here to stay informed with the Basalt market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Basalt market.
Median List Price $1,250,000
Per Square Foot $472
Days on Market 239
Price Decreased 23%
Price Increased 5%
Relisted 13%
Inventory 39
Median House Rent
Most Expensive $5,950,000
Least Expensive $598,000
Market Action Index
Slight Buyer's Advantage
28

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$2,999,000 4,513 1 - 2.5 acres 4 5 22 2 0 266
$1,647,000 3,945 2.5 - 5 acres 4 5 25 1 0 347
$1,044,000 2,822 0.25 - 0.5 acre 4 4 26 1 1 135
$849,500 2,130 6,500 - 8,000 sqft 3 3 33 2 0 211