Montrose, CO 81401 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator, median sold price, is 415,000, which represents the most reliable signal of realized value and recent transaction activity in the neighborhood; given the market temperature is neutral, this suggests stable pricing rather than rapid appreciation or depreciation.
2. There is a notable gap between the 484,900 median listing price and the 415,000 median sold price, which may indicate pricing friction—sellers’ asking expectations appear higher than recent transaction prices, and negotiable pricing strategies may be required to achieve closings.
3. The 276 median days on market points to slower sales velocity and suggests relatively constrained active supply and moderated buyer urgency; this pace may require longer marketing windows and more targeted pricing or staging to convert listings into sales (use conservative timing assumptions when underwriting).
4. Rental fundamentals are strengthening: median market rent is 1,695 and rent year-over-year trend is up; however, interest rate pressure is described as moderate with local 30-year fixed mortgage rates averaging 6.6%, which may temper buyer affordability despite healthy rental demand.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.