Market Report
Rifle, CO 81650
Single-Family Homes
www.titlecorockies.com
Rifle, CO 81650
Fri Feb 26 2021
This week the median list price for Rifle, CO 81650 is $750,000 with the market action index hovering around 57. This is an increase over last month's market action index of 53. Inventory has held steady at or around 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
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 | $750,000 | |
| Per Square Foot | $293 | |
| Days on Market | 67 | |
| Price Decreased | 14% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 14 | |
| Median Rent | $1,400 | |
| Most Expensive | $2,000,000 | |
| Least Expensive | $405,000 | |
| Market Action | 57 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $950,000 | 2,328 | 5 - 10 acres | 3 | 4 | 18 | 0 | 0 | 168 |
| $779,000 | 2,618 | 10 - 20 acres | 3 | 2 | 28 | 0 | 0 | 70 |
| $721,250 | 3,593 | 5 - 10 acres | 4 | 3 | 23 | 0 | 0 | 42 |
| $461,688 | 1,675 | 0.25 - 0.5 acre | 3 | 2 | 15 | 3 | 3 | 0 |