Market Report

Snowmass, CO 81654

Single-Family Homes

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Snowmass, CO 81654

Tue Oct 15 2024
This week the median list price for Snowmass, CO 81654 is $5,950,000 with the market action index hovering around 26. This is an increase over last month's market action index of 24. Inventory has decreased to 17. Click here to stay informed with the Snowmass market!

Market Action Index

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

Slight Buyer's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

Snowmass, CO 81654

Tue Oct 15 2024
This week the median list price for Snowmass, CO 81654 is $5,950,000 with the market action index hovering around 26. This is an increase over last month's market action index of 24. Inventory has decreased to 17. Click here to stay informed with the Snowmass market!

Market Action Index

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

Slight Buyer's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.

Real-Time Market Profile

Never miss important changes in the Snowmass market.
Median List Price $5,950,000
Median Price of New Listings $0
Per Square Foot $1,235
Average Days on Market 150
Median Days on Market 112
Price Decreased 65%
Price Increased 0%
Relisted 0%
Inventory 17
Median Rent
Market Action 26
Slight Buyer's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$11,125,000 5,743 N/A 5 5 29 0 2 129
$6,650,000 5,478 5 - 10 acres 5 4.8 27 0 1 112
$5,850,000 4,362 1 - 2.5 acres 4 3.8 29 0 0 140
$2,550,000 2,828 1 - 2.5 acres 4 2.8 48 0 0 49