Market Report

Rifle, CO 81650

Single-Family Homes

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Rifle, CO 81650

Thu Sep 20 2018
This week the median list price for Rifle, CO 81650 is $339,900 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 53. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Thu Sep 20 2018
This week the median list price for Rifle, CO 81650 is $339,900 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 53. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $339,900
Per Square Foot $179
Days on Market 86
Price Decreased 36%
Price Increased 0%
Relisted 0%
Inventory 53
Median House Rent $1,700
Most Expensive $1,895,000
Least Expensive $175,000
Market Action Index
Slight Seller's Advantage
38

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$584,000 2,700 10 - 20 acres 4 3 37 1 1 126
$380,000 2,284 0.25 - 0.5 acre 4 2 16 1 0 64
$315,000 1,920 6,500 - 8,000 sqft 3 2 38 2 2 96
$256,750 1,458 8,000 - 10,000 sqft 3 1 57 2 2 59