Market Report
Rifle, CO 81650
Single-Family Homes
www.titlecorockies.com
Rifle, CO 81650
Fri Apr 19 2019
This week the median list price for Rifle, CO 81650 is $436,950 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has held steady at or around 24.
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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $436,950 | |
| Per Square Foot | $212 | |
| Days on Market | 110 | |
| Price Decreased | 29% | |
| Price Increased | 4% | |
| Relisted | 13% | |
| Inventory | 24 | |
| Median House Rent | $1,700 | |
| Most Expensive | $1,895,000 | |
| Least Expensive | $189,000 | |
| Market Action Index Slight Seller's Advantage | 43 |
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. 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 |
|---|---|---|---|---|---|---|---|---|
| $973,750 | 3,240 | 10 - 20 acres | 3 | 4 | 27 | 0 | 0 | 185 |
| $589,500 | 2,537 | 5 - 10 acres | 3 | 3 | 22 | 0 | 1 | 102 |
| $339,000 | 2,074 | 8,000 - 10,000 sqft | 4 | 2 | 39 | 2 | 1 | 42 |
| $244,500 | 1,190 | 8,000 - 10,000 sqft | 3 | 2 | 53 | 1 | 2 | 113 |