Market Report

Steamboat Springs, CO 80487

Single-Family Homes

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Steamboat Springs, CO 80487

Sat Nov 27 2021
This week the median list price for Steamboat Springs, CO 80487 is $2,545,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has decreased to 32. Click here to stay informed with the Steamboat Springs market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Steamboat Springs, CO 80487

Sat Nov 27 2021
This week the median list price for Steamboat Springs, CO 80487 is $2,545,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has decreased to 32. Click here to stay informed with the Steamboat Springs market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Steamboat Springs market.
Median List Price $2,545,000
Median Price of New Listings $1,750,000
Per Square Foot $668
Average Days on Market 89
Median Days on Market 77
Price Decreased 31%
Price Increased 6%
Relisted 3%
Inventory 32
Median Rent
Market Action 41
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$5,945,000 6,143 1 - 2.5 acres 5 5.3 15 0 0 101
$3,138,000 4,860 10 - 20 acres 4 4.3 23 1 0 77
$1,920,000 3,170 0.25 - 0.5 acre 4 3.5 24 1 0 66
$1,312,499 2,471 0.25 - 0.5 acre 3 2.8 18 1 1 73