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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$595,000|
|Per Square Foot||$328|
|Days on Market||7|
|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.
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|