First Integrity Title Market Report

Wheat Ridge, CO

Single-Family Homes

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Wheat Ridge, CO

Thu Sep 21 2023
This week the median list price for Wheat Ridge, CO is $649,900 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has decreased to 29. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Wheat Ridge, CO

Thu Sep 21 2023
This week the median list price for Wheat Ridge, CO is $649,900 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has decreased to 29. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Wheat Ridge market.
Median List Price $649,900
Median Price of New Listings $595,000
Per Square Foot $354
Average Days on Market 96
Median Days on Market 63
Price Decreased 41%
Price Increased 0%
Relisted 3%
Inventory 29
Median Rent
Market Action 49
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,499,000 3,700 0.25 - 0.5 acre 5 3 42 0 0 126
$850,000 2,400 0.25 - 0.5 acre 4 3 68 1 1 56
$615,000 1,817 8,000 - 10,000 sqft 3 2 73 2 2 35
$552,000 1,257 8,000 - 10,000 sqft 3 2 72 4 2 35