Market Report

Basalt, CO 81621

Single-Family Homes

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Basalt, CO 81621

Fri Oct 30 2020
This week the median list price for Basalt, CO 81621 is $1,745,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 23. 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 Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Basalt, CO 81621

Fri Oct 30 2020
This week the median list price for Basalt, CO 81621 is $1,745,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 23. 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 Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Basalt market.
Median List Price $1,745,000
Per Square Foot $560
Days on Market 274
Price Decreased 48%
Price Increased 4%
Relisted 4%
Inventory 23
Median Rent
Most Expensive $11,500,000
Least Expensive $687,500
Market Action 36
Slight Seller'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
$4,695,000 6,384 N/A 5 4 21 0 0 428
$2,475,000 4,447 10 - 20 acres 4 3 25 0 0 233
$1,547,500 3,021 0.25 - 0.5 acre 4 3 22 0 1 138
$862,000 2,300 0.5 - 1 acre 2 2 35 0 1 320