Market Report

Steamboat Springs, CO 80487

Single-Family Homes

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Steamboat Springs, CO 80487

Tue May 20 2025
This week the median list price for Steamboat Springs, CO 80487 is $3,148,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 53. 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

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Steamboat Springs, CO 80487

Tue May 20 2025
This week the median list price for Steamboat Springs, CO 80487 is $3,148,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 53. 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

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Steamboat Springs market.
Median List Price $3,148,000
Median Price of New Listings $1,920,000
Per Square Foot $922
Average Days on Market 138
Median Days on Market 77
Price Decreased 34%
Price Increased 2%
Relisted 4%
Inventory 53
Median Rent
Market Action 30
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. 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
$8,900,000 5,676 0.5 - 1 acre 5 4.5 16 0 1 280
$4,250,000 4,100 0.25 - 0.5 acre 5 4.5 25 1 0 49
$2,300,000 2,764 0.5 - 1 acre 4 3 41 3 1 91
$1,365,000 1,986 0.25 - 0.5 acre 3 2 30 2 2 31