First Integrity Title Market Report
Wheat Ridge, CO
Single-Family Homes
www.FirstIntegrityTitle.com | 303.837.9171
Wheat Ridge, CO
Mon Mar 08 2021
This week the median list price for Wheat Ridge, CO is $595,000 with the market action index hovering around 84. This is about the same as last month's market action index of 84. Inventory has held steady at or around 9.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $595,000 | |
| Per Square Foot | $328 | |
| Days on Market | 7 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 9 | |
| Median Rent | $1,338 | |
| Most Expensive | $1,395,000 | |
| Least Expensive | $347,900 | |
| Market Action | 84 | |
| Strong Seller's Market | ||
The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $1,022,450 | 3,096 | 0.25 - 0.5 acre | 3 | 3 | 36 | 1 | 0 | 108 |
| $611,950 | 2,565 | 4,500 - 6,500 sqft | 4 | 3 | 62 | 0 | 1 | 17 |
| $547,500 | 1,381 | 1 - 2.5 acres | 2 | 1 | 76 | 1 | 0 | 21 |
| $399,900 | 1,012 | 8,000 - 10,000 sqft | 2 | 1 | 71 | 1 | 1 | 7 |