Market Report
Steamboat Springs, CO 80487
Single-Family Homes
www.titlecorockies.com
Steamboat Springs, CO 80487
Thu Sep 20 2018
This week the median list price for Steamboat Springs, CO 80487 is $1,699,500 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has held steady at or around 180.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Seller's Advantage
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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
| Median List Price | $1,699,500 | |
| Per Square Foot | $439 | |
| Days on Market | 219 | |
| Price Decreased | 24% | |
| Price Increased | 3% | |
| Relisted | 6% | |
| Inventory | 180 | |
| Median House Rent | $4,500 | |
| Most Expensive | $46,000,000 | |
| Least Expensive | $125,000 | |
|
Market Action Index
Slight Seller's Advantage |
33 |
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 | 7,121 | 2.5 - 5 acres | 5 | 6 | 15 | 3 | 1 | 408 |
| $2,200,000 | 5,142 | 1 - 2.5 acres | 5 | 5 | 19 | 0 | 0 | 207 |
| $1,406,000 | 3,574 | 1 - 2.5 acres | 4 | 4 | 20 | 5 | 4 | 183 |
| $729,000 | 2,016 | 0.25 - 0.5 acre | 3 | 3 | 37 | 5 | 5 | 77 |