Your Local Market Report
Palisade, CO
Single-Family Homes
How's the Market?
Palisade, CO
Sun Feb 28 2021
This week the median list price for Palisade, CO is $874,500 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 6.
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 | $874,500 | |
| Per Square Foot | $450 | |
| Days on Market | 144 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 33% | |
| Inventory | 6 | |
| Median Rent | ||
| Most Expensive | $2,150,000 | |
| Least Expensive | $325,000 | |
| Market Action | 36 | |
| Slight Seller's Advantage | ||
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of 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 |
|---|---|---|---|---|---|---|---|---|
| $2,150,000 | 1,698 | N/A | 3 | 2 | 45 | 0 | 0 | 679 |
| $1,500,000 | 3,925 | 5 - 10 acres | 3 | 3 | 4 | 0 | 0 | 77 |
| $874,500 | 1,311 | 10 - 20 acres | 3 | 2 | 45 | 0 | 0 | 308 |
| $436,500 | 1,399 | 2.5 - 5 acres | 2 | 1 | 66 | 1 | 1 | 87 |