Market Report
Basalt, CO 81621
Single-Family Homes
www.titlecorockies.com
Basalt, CO 81621
Fri Apr 19 2024
This week the median list price for Basalt, CO 81621 is $3,087,500 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has held steady at or around 20.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has recently reached a relative stasis in inventory and sales conditions. It’s a Buyer’s market that has seen prices trend lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.
Real-Time Market Profile
| Median List Price | $3,087,500 | |
| Median Price of New Listings | $4,350,000 | |
| Per Square Foot | $929 | |
| Average Days on Market | 166 | |
| Median Days on Market | 144 | |
| Price Decreased | 35% | |
| Price Increased | 5% | |
| Relisted | 5% | |
| Inventory | 20 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices in this zip code. 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 |
|---|---|---|---|---|---|---|---|---|
| $4,750,000 | 4,770 | N/A | 5 | 4 | 31 | 1 | 2 | 231 |
| $4,095,000 | 3,493 | 0.25 - 0.5 acre | 4 | 3.5 | 35 | 0 | 0 | 196 |
| $2,395,000 | 2,984 | 0.25 - 0.5 acre | 4 | 2.5 | 37 | 0 | 0 | 84 |
| $1,295,000 | 3,164 | 0.25 - 0.5 acre | 3 | 3.5 | 28 | 0 | 1 | 28 |