Market Report

Parachute, CO 81635

Single-Family Homes

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Parachute, CO 81635

Mon Oct 03 2022
This week the median list price for Parachute, CO 81635 is $585,000 with the market action index hovering around 44. This is less than last month's market action index of 54. Inventory has held steady at or around 20. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Parachute, CO 81635

Mon Oct 03 2022
This week the median list price for Parachute, CO 81635 is $585,000 with the market action index hovering around 44. This is less than last month's market action index of 54. Inventory has held steady at or around 20. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Parachute market.
Median List Price $585,000
Median Price of New Listings $595,000
Per Square Foot $241
Average Days on Market 52
Median Days on Market 35
Price Decreased 45%
Price Increased 5%
Relisted 5%
Inventory 20
Median Rent
Market Action 44
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$945,000 3,347 N/A 4 3 29 0 0 70
$639,000 2,640 0.25 - 0.5 acre 4 3 15 1 0 42
$475,000 1,964 8,000 - 10,000 sqft 4 2 23 0 1 35
$300,000 1,088 4,500 - 6,500 sqft 3 2 41 0 0 21