Market Report

Parachute, CO 81635

Single-Family Homes

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Parachute, CO 81635

Sun Jul 21 2019
This week the median list price for Parachute, CO 81635 is $374,950 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 26. 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

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Parachute, CO 81635

Sun Jul 21 2019
This week the median list price for Parachute, CO 81635 is $374,950 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 26. 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

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Parachute market.
Median List Price $374,950
Per Square Foot $165
Days on Market 129
Price Decreased 31%
Price Increased 0%
Relisted 0%
Inventory 26
Median House Rent $1,200
Most Expensive $820,000
Least Expensive $185,000
Market Action Index
Strong Seller's Market
46

While the median price in this zip code hasn’t moved much in the last few weeks, we are 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
$732,000 3,447 N/A 4 3 16 1 1 71
$444,500 2,862 0.5 - 1 acre 3 2 22 2 1 61
$333,000 2,128 0.25 - 0.5 acre 2 2 24 1 0 243
$210,000 1,328 6,500 - 8,000 sqft 3 2 20 2 2 123