Market Report

Basalt, CO 81621

Single-Family Homes

www.titlecorockies.com



Basalt, CO 81621

Wed Oct 09 2024
This week the median list price for Basalt, CO 81621 is $2,995,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 29. 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

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

Wed Oct 09 2024
This week the median list price for Basalt, CO 81621 is $2,995,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 29. 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

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 $2,995,000
Median Price of New Listings $0
Per Square Foot $980
Average Days on Market 162
Median Days on Market 119
Price Decreased 48%
Price Increased 0%
Relisted 3%
Inventory 29
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 24 0 0 119
$3,750,000 3,065 0.25 - 0.5 acre 4 3.5 16 0 0 161
$2,100,000 2,302 0.5 - 1 acre 4 2.5 25 0 0 70
$1,387,500 1,901 1 - 2.5 acres 3 2 36 0 2 115