Market Report

Glenwood Springs, CO 81601

Single-Family Homes

www.titlecorockies.com



Glenwood Springs, CO 81601

Tue Mar 19 2024
This week the median list price for Glenwood Springs, CO 81601 is $1,585,000 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has increased to 23. 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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.

Glenwood Springs, CO 81601

Tue Mar 19 2024
This week the median list price for Glenwood Springs, CO 81601 is $1,585,000 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has increased to 23. 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.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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 Glenwood Springs market.
Median List Price $1,585,000
Median Price of New Listings $2,100,000
Per Square Foot $492
Average Days on Market 115
Median Days on Market 77
Price Decreased 13%
Price Increased 9%
Relisted 0%
Inventory 23
Median Rent
Market Action 45
Strong Seller's Market

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
$2,400,000 3,174 1 - 2.5 acres 4 4 1 1 0 7
$1,674,000 3,974 1 - 2.5 acres 4 4.5 30 0 0 52
$1,512,500 3,160 0.25 - 0.5 acre 4 3.5 1 0 0 84
$867,000 2,238 0.25 - 0.5 acre 3 3 32 0 1 112