Market Report

Basalt, CO 81621

Single-Family Homes

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Basalt, CO 81621

Wed May 27 2020
This week the median list price for Basalt, CO 81621 is $1,599,000 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has held steady at or around 39. Click here to stay informed with the Basalt market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Basalt, CO 81621

Wed May 27 2020
This week the median list price for Basalt, CO 81621 is $1,599,000 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has held steady at or around 39. Click here to stay informed with the Basalt market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Basalt market.
Median List Price $1,599,000
Per Square Foot $472
Days on Market 342
Price Decreased 23%
Price Increased 0%
Relisted 8%
Inventory 39
Median Rent
Most Expensive $12,500,000
Least Expensive $675,000
Market Action 24
Slight Buyer's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$4,625,000 3,129 5 - 10 acres 4 3 23 1 1 357
$1,820,000 4,351 2.5 - 5 acres 4 3 27 0 0 276
$1,155,250 2,748 1 - 2.5 acres 3 2 26 1 0 499
$770,000 2,394 0.5 - 1 acre 3 2 33 0 0 235