Doug's Buy/Sell Market Indicators

Steamboat Springs, CO

Single-Family Homes

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Steamboat Springs, CO

Thu Jun 20 2024
This week the median list price for Steamboat Springs, CO is $2,950,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 50. Click here to stay informed with the Steamboat Springs 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. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Steamboat Springs, CO

Thu Jun 20 2024
This week the median list price for Steamboat Springs, CO is $2,950,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has increased to 50. Click here to stay informed with the Steamboat Springs 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. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Steamboat Springs market.
Median List Price $2,950,000
Median Price of New Listings $2,635,000
Per Square Foot $867
Average Days on Market 85
Median Days on Market 35
Price Decreased 28%
Price Increased 0%
Relisted 8%
Inventory 50
Median Rent
Market Action 38
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$7,197,500 5,318 2.5 - 5 acres 5 6 12 1 0 73
$3,343,500 4,239 1 - 2.5 acres 4 4.5 20 5 0 14
$2,495,000 3,592 0.25 - 0.5 acre 4 4 35 2 2 56
$1,500,000 2,203 0.25 - 0.5 acre 3 3 28 5 1 35