Home Values

Basalt Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$556,100

  • 10.1% 1-year change
  • None 1-year forecast

The median home value in Basalt is $556,100. Basalt home values have gone up 10.1% over the past year. The median list price per square foot in Basalt is $332, which is lower than the Edwards Metro average of $385. The median price of homes currently listed in Basalt is $690,000 while the median price of homes that sold is $490,000. The median rent price in Basalt is $3,650.

Foreclosures will be a factor impacting home values in the next several years. In Basalt 4.4 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Basalt is 2.9%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Basalt homeowners underwater on their mortgage is 12.3%.

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Relative ZHVI
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Basalt Market Overview

Data through Jan 31, 2015
  • $556,100 ZHVI
  • No data 1-yr forecast
  • $690,000 Median listing price
  • No recent data Median sale price
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Basalt Market Health

Data through Jan 31, 2015
  • 8.9/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 12.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Edwards $749,000
Vail $746,000
Crested Butte $546,400
Name Median ZHVI
Avon $492,400
Eagle $405,500
Glenwood Springs $389,500
Name Median ZHVI
Mount Crested Butte $341,800
Gypsum $329,000
 

Listings & Sales

Data through Jan 31, 2015
  • $332 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
19.8%
Sold below listing
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Basalt Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,286 Basalt
    $2,263 Edwards Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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