Market Report
Glenwood Springs, CO 81601
Single-Family Homes
www.titlecorockies.com
Glenwood Springs, CO 81601
Thu Mar 30 2023
This week the median list price for Glenwood Springs, CO 81601 is $1,350,000 with the market action index hovering around 36. This is an increase over last month's market action index of 30. Inventory has decreased to 23.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $1,350,000 | |
| Median Price of New Listings | $885,000 | |
| Per Square Foot | $478 | |
| Average Days on Market | 100 | |
| Median Days on Market | 77 | |
| Price Decreased | 30% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 23 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. 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 |
|---|---|---|---|---|---|---|---|---|
| $2,250,000 | 3,360 | 10 - 20 acres | 4 | 3 | 21 | 0 | 0 | 70 |
| $1,500,000 | 3,851 | 2.5 - 5 acres | 4 | 4 | 12 | 1 | 5 | 87 |
| $1,149,500 | 2,398 | 0.25 - 0.5 acre | 4 | 3 | 54 | 1 | 8 | 143 |
| $644,950 | 1,287 | 0 - 4,500 sqft | 2 | 2 | 36 | 1 | 3 | 56 |