Market Report

Basalt, CO 81621

Single-Family Homes

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Basalt, CO 81621

Tue Oct 15 2024
This week the median list price for Basalt, CO 81621 is $2,872,500 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has decreased to 28. Click here to stay informed with the Basalt market!

Market Action Index

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

Slight Buyer's Advantage

Market Narrative

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Basalt, CO 81621

Tue Oct 15 2024
This week the median list price for Basalt, CO 81621 is $2,872,500 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has decreased to 28. Click here to stay informed with the Basalt market!

Market Action Index

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

Slight Buyer's Advantage

Market Narrative

While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Basalt market.
Median List Price $2,872,500
Median Price of New Listings $0
Per Square Foot $971
Average Days on Market 163
Median Days on Market 123
Price Decreased 46%
Price Increased 0%
Relisted 0%
Inventory 28
Median Rent
Market Action 26
Slight Buyer's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$7,595,000 5,967 N/A 4 4.5 22 0 1 126
$3,400,000 3,065 0.25 - 0.5 acre 4 3 15 0 0 140
$1,995,000 2,284 0.5 - 1 acre 3 2.5 25 0 0 77
$1,280,000 2,115 0.5 - 1 acre 3 2 43 0 0 119