What is the current median list price for condo homes in Telluride as of January 2025?

The median list price for condo homes in Telluride is $3,195,000 as of January 30, 2025. This reflects a warming market with increased activity, though prices have not yet responded to the rising demand.

How does the single-family home market compare to the condo market in Telluride right now?

Single-family homes have a median list price of $7,900,000 with a Market Action Index of 24, compared to condos at $3,195,000 with a MAI of 28. Both markets show a slight buyer's advantage, though single-family homes have higher days on market (224 median) and a lower MAI, suggesting slightly softer demand.

What does the Market Action Index of 28 for Telluride condos indicate about the current market?

A Market Action Index of 28 (up from 23 last month) indicates a slight buyer's advantage and warming market activity. Sales demand is increasing faster than inventory, though prices have yet to respond; significant price growth is unlikely until inventory decreases further to create a seller's market.

What percentage of condo listings in Telluride have seen price decreases recently?

Eight percent of condo listings in Telluride have experienced price decreases, while none have increased and 12% have been relisted. This reflects the current buyer-favorable market dynamics.

How long are single-family homes typically staying on the market in Telluride?

Single-family homes in Telluride have a median of 224 days on market and an average of 350 days, significantly longer than condos (133 median days). This extended timeline reflects softer demand in the single-family segment.

Telluride Luxury Market Sentiments as of 30 January 2025

By Anne-Britt OstlundJanuary 30, 20252 min read

Real Estate Market Updates

As we dive into the Telluride luxury real estate market for January 2025, both condo homes and single-family homes show interesting trends and shifts. If you're considering buying or selling in Telluride, this market update will provide you with valuable insights. At Mountain Rose Realty, we track these changes closely to give you an edge in navigating Telluride real estate.

1) Condo Homes Market

The median list price for Telluride, CO 81435 condo homes this week is $3,195,000. This marks an increase in market activity with the Market Action Index (MAI) rising to 28, up from 23 last month. Inventory has also seen a slight increase, now standing at 49.

Market Narrative:

The market appears to be warming up, with sales demand increasing at a faster pace than inventory. Although prices have yet to respond, the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or increase significantly until the Market Action Index continues its upward trend. We might see price stabilization or growth once inventory decreases enough to create a Seller’s market.

Median List Price: $3,195,000
Median Price of New Listings: $1,956,500
Per Square Foot: $2,031
Average Days on Market: 156
Median Days on Market: 133
Price Decreased: 8%
Price Increased: 0%
Relisted: 12%
Inventory: 49
Median Rent: $6,500
Market Action: 28 (Slight Buyer’s Advantage)

2) Single-Family Homes Market:

For single-family homes in Telluride, CO 81435, the median list price remains strong at $7,900,000. The Market Action Index is steady at 24, unchanged from last month, but inventory has increased to 45.

Market Narrative:

While prices have remained relatively stable, the Market Action Index has been trending lower for several weeks, signaling a potential shift. If inventory continues to grow faster than demand, downward pressure on pricing is likely. Buyers might gain an advantage as the market adjusts.

Median List Price: $7,900,000
Median Price of New Listings: $7,700,000
Per Square Foot: $1,751
Average Days on Market: 350
Median Days on Market: 224
Price Decreased: 11%
Price Increased: 2%
Relisted: 7%
Inventory: 45
Median Rent: $8,100
Market Action: 24 (Slight Buyer’s Advantage)

Conclusion:

Both condo and single-family home markets in Telluride are seeing notable shifts. If you’re interested in the latest Telluride real estate opportunities, it’s essential to understand these trends to make informed decisions. Whether you're looking for Telluride homes for sale or exploring options for investment, the team at Mountain Rose Realty, led by Anne-Britt Ostlund, is ready to assist you.

Interested in exploring the latest listings in Telluride, CO? Contact Anne-Britt Ostlund at Mountain Rose Realty today, and let’s find your dream property.

Stay tuned to the Mountain Rose Realty blog for more updates on the Telluride real estate market. With insights from Anne-Britt Ostlund, we provide the latest trends to help you make the best decisions in the dynamic Telluride market.

Frequently Asked Questions

What is the current median list price for condo homes in Telluride as of January 2025?: The median list price for condo homes in Telluride is $3,195,000 as of January 30, 2025. This reflects a warming market with increased activity, though prices have not yet responded to the rising demand.
How does the single-family home market compare to the condo market in Telluride right now?: Single-family homes have a median list price of $7,900,000 with a Market Action Index of 24, compared to condos at $3,195,000 with a MAI of 28. Both markets show a slight buyer's advantage, though single-family homes have higher days on market (224 median) and a lower MAI, suggesting slightly softer demand.
What does the Market Action Index of 28 for Telluride condos indicate about the current market?: A Market Action Index of 28 (up from 23 last month) indicates a slight buyer's advantage and warming market activity. Sales demand is increasing faster than inventory, though prices have yet to respond; significant price growth is unlikely until inventory decreases further to create a seller's market.
What percentage of condo listings in Telluride have seen price decreases recently?: Eight percent of condo listings in Telluride have experienced price decreases, while none have increased and 12% have been relisted. This reflects the current buyer-favorable market dynamics.
How long are single-family homes typically staying on the market in Telluride?: Single-family homes in Telluride have a median of 224 days on market and an average of 350 days, significantly longer than condos (133 median days). This extended timeline reflects softer demand in the single-family segment.