Market Report

Steamboat Springs, CO 80487

Single-Family Homes

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Steamboat Springs, CO 80487

Fri Sep 20 2019
This week the median list price for Steamboat Springs, CO 80487 is $1,450,000 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 188. 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 Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Steamboat Springs, CO 80487

Fri Sep 20 2019
This week the median list price for Steamboat Springs, CO 80487 is $1,450,000 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 188. 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 Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Steamboat Springs market.
Median List Price $1,450,000
Per Square Foot $406
Days on Market 217
Price Decreased 41%
Price Increased 2%
Relisted 4%
Inventory 188
Median House Rent $1,975
Most Expensive $13,750,000
Least Expensive $40,000
Market Action Index
Slight Buyer's Advantage
29

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$3,495,000 6,308 5 - 10 acres 5 6 16 1 0 381
$1,725,000 4,200 0.5 - 1 acre 4 5 21 5 2 218
$1,075,000 3,059 0.25 - 0.5 acre 4 3 25 1 6 170
$599,000 1,786 0.25 - 0.5 acre 3 2 39 4 4 98