Market Report

Basalt, CO 81621

Single-Family Homes

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Basalt, CO 81621

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. 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 has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Basalt, CO 81621

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. 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 has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Basalt market.
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.

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
$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