Market Report

Steamboat Springs, CO 80487

Single-Family Homes

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Steamboat Springs, CO 80487

Sun Jul 21 2019
This week the median list price for Steamboat Springs, CO 80487 is $1,458,400 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 187. Click here to stay informed with the Steamboat Springs market!

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 Buyer's Advantage

The market has been cooling in recent weeks. Since this is a Buyer's market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.

Steamboat Springs, CO 80487

Sun Jul 21 2019
This week the median list price for Steamboat Springs, CO 80487 is $1,458,400 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 187. Click here to stay informed with the Steamboat Springs market!

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 Buyer's Advantage

The market has been cooling in recent weeks. Since this is a Buyer's market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.

Real-Time Market Profile

Never miss important changes in the Steamboat Springs market.
Median List Price $1,458,400
Per Square Foot $411
Days on Market 229
Price Decreased 26%
Price Increased 2%
Relisted 9%
Inventory 187
Median House Rent
Most Expensive $13,750,000
Least Expensive $170,000
Market Action Index
Slight Buyer's Advantage
29

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$3,822,000 6,411 2.5 - 5 acres 5 6 NaN 2 1 470
$1,900,000 4,404 1 - 2.5 acres 5 5 NaN 2 0 219
$1,100,000 3,030 1 - 2.5 acres 4 4 NaN 6 3 146
$674,000 1,872 0.5 - 1 acre 3 2 NaN 7 3 87