Your Local Market Report

Palisade, CO

Single-Family Homes

How's the Market?



Palisade, CO

Mon Feb 06 2023
This week the median list price for Palisade, CO is $627,000 with the market action index hovering around 30. This is less than last month's market action index of 35. Inventory has increased to 13. Click here to stay informed with the Palisade market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Palisade, CO

Mon Feb 06 2023
This week the median list price for Palisade, CO is $627,000 with the market action index hovering around 30. This is less than last month's market action index of 35. Inventory has increased to 13. Click here to stay informed with the Palisade market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Palisade market.
Median List Price $627,000
Median Price of New Listings $349,900
Per Square Foot $318
Average Days on Market 97
Median Days on Market 70
Price Decreased 15%
Price Increased 8%
Relisted 0%
Inventory 13
Median Rent
Market Action 30
Slight Seller's Advantage

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for 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
$850,000 1,859 10 - 20 acres 3 3 35 0 0 35
$680,000 2,022 6,500 - 8,000 sqft 4 3 1 0 0 42
$569,500 1,860 8,000 - 10,000 sqft 3 3 42 0 1 70
$414,500 1,581 8,000 - 10,000 sqft 3 1.5 55 1 0 101