Your Local Market Report

Palisade, CO

Single-Family Homes

How's the Market?


Palisade, CO

Sat Apr 20 2024
This week the median list price for Palisade, CO is $689,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 11. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Palisade, CO

Sat Apr 20 2024
This week the median list price for Palisade, CO is $689,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 11. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Palisade market.
Median List Price $689,000
Median Price of New Listings $525,000
Per Square Foot $244
Average Days on Market 122
Median Days on Market 84
Price Decreased 36%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$999,500 3,626 2.5 - 5 acres 5 4 47 0 1 35
$749,000 2,304 2.5 - 5 acres 5 2 41 0 0 119
$665,344 2,972 0.25 - 0.5 acre 5 3 57 0 0 133
$380,000 1,453 6,500 - 8,000 sqft 3 2 115 1 0 84