Market Report
Glenwood Springs, CO 81601
Single-Family Homes
www.titlecorockies.com
Glenwood Springs, CO 81601
Fri Apr 23 2021
This week the median list price for Glenwood Springs, CO 81601 is $839,000 with the market action index hovering around 47. This is less than last month's market action index of 48. Inventory has held steady at or around 26.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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
| Median List Price | $839,000 | |
| Per Square Foot | $358 | |
| Days on Market | 42 | |
| Price Decreased | 15% | |
| Price Increased | 35% | |
| Relisted | 0% | |
| Inventory | 26 | |
| Median Rent | $2,550 | |
| Most Expensive | $3,149,000 | |
| Least Expensive | $500,000 | |
| Market Action | 47 | |
| Strong Seller's Market | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,605,000 | 2,950 | 2.5 - 5 acres | 3 | 3 | 3 | 0 | 2 | 70 |
| $930,500 | 2,520 | 0.25 - 0.5 acre | 3 | 2 | 0 | 0 | 1 | 49 |
| $765,000 | 2,130 | 0 - 4,500 sqft | 3 | 3 | 11 | 1 | 1 | 42 |
| $629,000 | 1,944 | 8,000 - 10,000 sqft | 3 | 2 | 45 | 1 | 0 | 28 |