Market Report

Rifle, CO 81650

Single-Family Homes

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Rifle, CO 81650

Sat Jul 31 2021
This week the median list price for Rifle, CO 81650 is $450,000 with the market action index hovering around 55. This is an increase over last month's market action index of 53. Inventory has decreased to 34. Click here to stay informed with the Rifle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Rifle, CO 81650

Sat Jul 31 2021
This week the median list price for Rifle, CO 81650 is $450,000 with the market action index hovering around 55. This is an increase over last month's market action index of 53. Inventory has decreased to 34. Click here to stay informed with the Rifle market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Rifle market.
Median List Price $450,000
Median Price of New Listings $415,000
Per Square Foot $269
Average Days on Market 62
Median Days on Market 32
Price Decreased 44%
Price Increased 0%
Relisted 9%
Inventory 34
Median Rent $1,500
Market Action 55
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,675,000 3,812 10 - 20 acres 4 2 51 0 0 73
$672,500 2,576 5 - 10 acres 4 2 20 0 2 35
$445,000 1,820 8,000 - 10,000 sqft 4 2 24 2 3 14
$360,000 1,392 6,500 - 8,000 sqft 3 2 41 3 2 21