Market Report

Rifle, CO 81650

Single-Family Homes

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Rifle, CO 81650

Tue Nov 13 2018
This week the median list price for Rifle, CO 81650 is $344,500 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 50. Click here to stay informed with the Rifle market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rifle, CO 81650

Tue Nov 13 2018
This week the median list price for Rifle, CO 81650 is $344,500 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 50. Click here to stay informed with the Rifle market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rifle market.
Median List Price $344,500
Per Square Foot $172
Days on Market 98
Price Decreased 44%
Price Increased 0%
Relisted 8%
Inventory 50
Median House Rent $1,400
Most Expensive $1,895,000
Least Expensive $229,000
Market Action Index
Slight Seller's Advantage
36

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$677,000 2,898 10 - 20 acres 3 3 38 0 2 168
$374,750 2,342 0.25 - 0.5 acre 4 3 17 1 1 67
$328,900 2,060 6,500 - 8,000 sqft 3 2 20 1 2 89
$275,000 1,310 6,500 - 8,000 sqft 3 2 36 2 2 73