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Sarah Mitchell

CNESRESABR

Compass Real Estate · Palisade, CO

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Palisade, CO(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Palisade, CO Housing Market & Real Estate

Buyer's market+33.1% YoY

Housing market overview · Updated monthly ·

$639,000median sale price

How is the Palisade, CO housing market right now?

The median home sale price in Palisade, CO is $639,000, up 33.1% year-over-year. Homes sell in an average of 114 days with 21 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Palisade a buyer's or seller's market?

Buyer's market7.0 months of supply114 avg. days on market

Palisade, CO is currently a buyer's market, based on 7.0 months of supply and homes selling in about 114 days. How we determine this →

Homes sold

3

Last 12 weeks

Days on market

114

Average pace

Active listings

21

7.0 months supply

Sale-to-list

99.3%

Below asking

What does the Palisade housing market data show?

Current housing market statistics for Palisade, CO
MetricValue
Median sale price$639,000
Median list price$529,950
Year-over-year price change+33.1%
Average days on market114 days
Active inventory21 listings
Months of supply7.0 months
Sale-to-list price ratio99.3%
Median price per sq ft$366/sq ft
Homes sold (latest month)3
New listings (latest month)6
Listings with a price cut42.9%
Market conditionBuyer's market

Source: Redfin · Updated monthly

How much do homes cost in Palisade by property type?

How the Palisade, CO market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Palisade, CO
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$639,000$366/sq ft3114 days
Condo / Co-op$209,000$204/sq ft172 days
Townhouse$439,500$252/sq ft154 days

Source: Redfin · Updated monthly

The Palisade housing market is currently classified as a buyer's market with a median sale price of $639,000. Prices have risen 33.1% compared to last year, with homes spending an average of 114 days on market, indicating 7.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 9.3x provides context for how home values compare to local earning capacity.

Homes for sale in Palisade

There are currently 21 homes listed for sale in Palisade, Colorado. The median listing price is $530K.

Active listings

21

Homes on market

Median list price

$530K

Avg. days on market

114

Days until sale

New this week

6

Newly listed

Price drops:42.9%of listings
Sale-to-list:99.3%

Who lives in Palisade?

Population

2,580

Median income

$61,655/yr

Median age

50.7 years

Owner-occupied

69.9%

College grads

30.4%

Avg commute

38.3 min

Source: U.S. Census Bureau ACS

What are homes worth in Palisade?

Zillow home value

$571,311

Zillow rent index

$1,596/mo

Price-to-rent ratio

29.8x

Price-to-income

9.3x

Source: Zillow Research

What is it like to live in Palisade?

Palisade is a community of approximately 3K residents with a median age of 50.7 years.The median household income is $61,655, which represents a working-class community with solid middle-income opportunities. 30.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 69.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 38.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Palisade offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Palisade?

2 schools tracked · 1,370 students

The largest public schools serving Palisade, CO by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

Palisade High School

Grades 9-12 · 1,069 students

Public

Taylor Elementary School

Grades PK-5 · 301 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Palisade, CO?

Want a head-to-head view? Compare Palisade side-by-side with any other U.S. city using our market-comparison tool.

Is Palisade a good real estate investment market?

For investors evaluating Palisade, the price-to-rent ratio of 29.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 33.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Palisade's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Palisade's median home price.

Frequently asked questions

What is the average home price in Palisade?

The median home sale price in Palisade is $639,000, up 33.1% from last year.

How long do homes stay on market in Palisade?

Homes typically spend 114 days on market before going under contract.

What is the median income in Palisade?

The median household income is $61,655 per year.

Is Palisade a buyer's or seller's market?

With 7.0 months of supply, Palisade is currently a buyer's market.

What is the Zillow home value estimate for Palisade?

The Zillow Home Value Index (ZHVI) for Palisade is $571,311, representing the typical home value in the area.

What is the median condo price in Palisade?

The median condo/co-op sale price in Palisade, CO is $209,000, compared to $639,000 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Palisade?

The median single-family home price in Palisade, CO is $639,000 (about $366 per square foot).

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