First Integrity Title Market Report

Wheat Ridge, CO

Single-Family Homes

www.FirstIntegrityTitle.com | 888-636-0372



Wheat Ridge, CO

Mon Jun 24 2024
This week the median list price for Wheat Ridge, CO is $767,000 with the market action index hovering around 50. This is less than last month's market action index of 55. Inventory has increased to 46. Click here to stay informed with the Wheat Ridge 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 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.

Wheat Ridge, CO

Mon Jun 24 2024
This week the median list price for Wheat Ridge, CO is $767,000 with the market action index hovering around 50. This is less than last month's market action index of 55. Inventory has increased to 46. Click here to stay informed with the Wheat Ridge 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 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 Wheat Ridge market.
Median List Price $767,000
Median Price of New Listings $789,000
Per Square Foot $378
Average Days on Market 43
Median Days on Market 25
Price Decreased 43%
Price Increased 0%
Relisted 2%
Inventory 46
Median Rent
Market Action 50
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,350,000 3,790 0.25 - 0.5 acre 5 3 50 2 0 42
$875,000 3,002 0.25 - 0.5 acre 4 2.5 68 3 1 14
$747,000 1,946 0.25 - 0.5 acre 3 2 70 2 1 14
$587,500 1,306 8,000 - 10,000 sqft 3 2 71 2 2 21