Market Report

Parachute, CO 81635

Single-Family Homes

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Parachute, CO 81635

Thu Feb 21 2019
This week the median list price for Parachute, CO 81635 is $285,000 with the market action index hovering around 33. This is an increase over last month's market action index of 29. Inventory has held steady at or around 25. Click here to stay informed with the Parachute market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Parachute, CO 81635

Thu Feb 21 2019
This week the median list price for Parachute, CO 81635 is $285,000 with the market action index hovering around 33. This is an increase over last month's market action index of 29. Inventory has held steady at or around 25. Click here to stay informed with the Parachute market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Parachute market.
Median List Price $285,000
Per Square Foot $151
Days on Market 127
Price Decreased 16%
Price Increased 4%
Relisted 4%
Inventory 25
Median House Rent $1,880
Most Expensive $1,200,000
Least Expensive $185,000
Market Action Index
Slight Seller's Advantage
33

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$632,500 3,310 2.5 - 5 acres 4 3 14 0 1 120
$317,000 2,057 0.25 - 0.5 acre 3 2 20 0 0 190
$246,000 1,438 8,000 - 10,000 sqft 3 2 21 0 1 93
$190,000 1,524 6,500 - 8,000 sqft 3 2 26 1 1 109