Market Report

Parachute, CO 81635

Single-Family Homes

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Parachute, CO 81635

Sat Sep 21 2019
This week the median list price for Parachute, CO 81635 is $430,000 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 29. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Parachute, CO 81635

Sat Sep 21 2019
This week the median list price for Parachute, CO 81635 is $430,000 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 29. 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.

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Parachute market.
Median List Price $430,000
Per Square Foot $165
Days on Market 125
Price Decreased 34%
Price Increased 0%
Relisted 3%
Inventory 29
Median House Rent $1,200
Most Expensive $1,499,000
Least Expensive $165,000
Market Action Index
Slight Seller's Advantage
42

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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
$739,000 3,544 N/A 4 3 17 1 0 72
$525,000 3,169 5 - 10 acres 4 3 22 0 0 168
$389,000 2,128 0.5 - 1 acre 3 2 19 1 3 144
$211,000 1,340 6,500 - 8,000 sqft 2 2 26 2 2 119