Single-Family Homes
Fri Mar 29 2024
This week the median list price for Basalt, CO 81621 is $3,212,500 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has increased to 20.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Median List Price | $3,212,500 | |
Median Price of New Listings | $12,147 | |
Per Square Foot | $929 | |
Average Days on Market | 147 | |
Median Days on Market | 123 | |
Price Decreased | 35% | |
Price Increased | 5% | |
Relisted | 0% | |
Inventory | 20 | |
Median Rent | ||
Market Action | 26 | |
Slight Buyer's Advantage |
Despite the fact that prices in this zip code dipped a bit this week, the median price hasn’t moved much in the last few weeks and we remain relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$9,999,000 | 5,724 | 2.5 - 5 acres | 5 | 5 | 22 | 0 | 0 | 168 |
$4,150,000 | 3,511 | 0.25 - 0.5 acre | 4 | 3.5 | 42 | 0 | 1 | 210 |
$2,700,000 | 3,065 | 6,500 - 8,000 sqft | 4 | 3 | 37 | 0 | 0 | 84 |
$18,000 | 2,923 | 0.25 - 0.5 acre | 4 | 3.5 | 27 | 2 | 1 | 7 |