Market Report

Basalt, CO 81621

Single-Family Homes

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Basalt, CO 81621

Wed Oct 23 2019
This week the median list price for Basalt, CO 81621 is $1,199,000 with the market action index hovering around 23. This is less than last month's market action index of 24. Inventory has held steady at or around 63. 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 Oct 23 2019
This week the median list price for Basalt, CO 81621 is $1,199,000 with the market action index hovering around 23. This is less than last month's market action index of 24. Inventory has held steady at or around 63. 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 $1,199,000
Per Square Foot $432
Days on Market 214
Price Decreased 48%
Price Increased 3%
Relisted 6%
Inventory 63
Median House Rent $6,500
Most Expensive $12,500,000
Least Expensive $675,000
Market Action Index
Slight Buyer's Advantage
23

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
$4,250,000 3,183 1 - 2.5 acres 4 4 22 0 0 206
$1,597,000 3,919 2.5 - 5 acres 4 4 25 0 0 346
$1,024,500 2,712 0.5 - 1 acre 4 3 29 1 0 148
$799,000 2,520 0.25 - 0.5 acre 3 3 29 0 0 154