Market Report

Basalt, CO 81621

Single-Family Homes

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Basalt, CO 81621

Fri Dec 14 2018
This week the median list price for Basalt, CO 81621 is $1,275,000 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 35. 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

Fri Dec 14 2018
This week the median list price for Basalt, CO 81621 is $1,275,000 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 35. 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 $1,275,000
Per Square Foot $458
Days on Market 261
Price Decreased 31%
Price Increased 3%
Relisted 6%
Inventory 35
Median House Rent
Most Expensive $5,900,000
Least Expensive $569,000
Market Action Index
Slight Buyer's Advantage
28

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$2,422,500 4,577 1 - 2.5 acres 4 5 13 0 0 350
$1,699,000 3,138 2.5 - 5 acres 4 3 25 0 0 358
$1,110,000 2,777 6,500 - 8,000 sqft 4 4 19 0 0 143
$825,000 2,592 6,500 - 8,000 sqft 3 3 29 1 0 204