Market Report

Glenwood Springs, CO 81601

Single-Family Homes

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Glenwood Springs, CO 81601

Fri Dec 06 2019
This week the median list price for Glenwood Springs, CO 81601 is $749,499 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 46. Click here to stay informed with the Glenwood 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Glenwood Springs, CO 81601

Fri Dec 06 2019
This week the median list price for Glenwood Springs, CO 81601 is $749,499 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 46. Click here to stay informed with the Glenwood 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Glenwood Springs market.
Median List Price $749,499
Per Square Foot $269
Days on Market 190
Price Decreased 48%
Price Increased 2%
Relisted 11%
Inventory 46
Median Rent $2,550
Most Expensive $5,750,000
Least Expensive $329,000
Market Action 35
Slight Seller's Advantage

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
$1,459,000 3,982 5 - 10 acres 5 4 16 0 2 176
$850,000 3,410 1 - 2.5 acres 4 3 16 1 2 256
$651,450 2,314 8,000 - 10,000 sqft 4 3 20 0 1 181
$542,000 2,234 4,500 - 6,500 sqft 3 2 15 1 2 149