Market Report

Basalt, CO 81621

Single-Family Homes

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Basalt, CO 81621

Fri Sep 30 2022
This week the median list price for Basalt, CO 81621 is $2,775,000 with the market action index hovering around 22. This is less than last month's market action index of 25. Inventory has held steady at or around 30. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Basalt, CO 81621

Fri Sep 30 2022
This week the median list price for Basalt, CO 81621 is $2,775,000 with the market action index hovering around 22. This is less than last month's market action index of 25. Inventory has held steady at or around 30. 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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Basalt market.
Median List Price $2,775,000
Median Price of New Listings $0
Per Square Foot $992
Average Days on Market 108
Median Days on Market 88
Price Decreased 27%
Price Increased 0%
Relisted 7%
Inventory 30
Median Rent
Market Action 22
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$4,950,000 4,642 10 - 20 acres 4 4.5 14 0 0 84
$3,850,000 3,294 0.5 - 1 acre 4 4 20 0 0 126
$2,495,000 2,511 6,500 - 8,000 sqft 4 3.3 25 0 0 80
$1,795,000 2,491 0.25 - 0.5 acre 4 3 26 0 0 66