Market Report

Parachute, CO 81635

Single-Family Homes

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Parachute, CO 81635

Sat Oct 16 2021
This week the median list price for Parachute, CO 81635 is $322,450 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has increased to 14. Click here to stay informed with the Parachute market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Parachute, CO 81635

Sat Oct 16 2021
This week the median list price for Parachute, CO 81635 is $322,450 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has increased to 14. Click here to stay informed with the Parachute market!

Market Action Index

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

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Parachute market.
Median List Price $322,450
Median Price of New Listings $295,000
Per Square Foot $213
Average Days on Market 39
Median Days on Market 32
Price Decreased 57%
Price Increased 0%
Relisted 14%
Inventory 14
Median Rent $1,350
Market Action 54
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks 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
$639,500 1,974 10 - 20 acres 3 2 16 1 2 84
$349,900 1,546 8,000 - 10,000 sqft 3 2 16 0 1 28
$307,947 1,404 6,500 - 8,000 sqft 2 2 18 1 1 14
$267,500 1,428 4,500 - 6,500 sqft 3 2 27 1 0 24