Market Report
Rifle, CO 81650
Single-Family Homes
www.titlecorockies.com
Rifle, CO 81650
Sat Aug 17 2019
This week the median list price for Rifle, CO 81650 is $357,500 with the market action index hovering around 39. This is less than last month's market action index of 41. Inventory has held steady at or around 54.
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
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $357,500 | |
| Per Square Foot | $199 | |
| Days on Market | 69 | |
| Price Decreased | 37% | |
| Price Increased | 0% | |
| Relisted | 2% | |
| Inventory | 54 | |
| Median House Rent | ||
| Most Expensive | $1,795,000 | |
| Least Expensive | $184,000 | |
| Market Action Index Slight Seller's Advantage | 39 |
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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 |
|---|---|---|---|---|---|---|---|---|
| $585,000 | 2,884 | 5 - 10 acres | 3 | 3 | 14 | 1 | 0 | 149 |
| $410,000 | 2,059 | 0.25 - 0.5 acre | 3 | 2 | 18 | 1 | 1 | 40 |
| $315,250 | 1,795 | 6,500 - 8,000 sqft | 3 | 2 | 23 | 2 | 1 | 45 |
| $285,000 | 1,380 | 8,000 - 10,000 sqft | 3 | 2 | 46 | 3 | 1 | 44 |