First Integrity Title Market Report

Wheat Ridge, CO

Single-Family Homes

www.FirstIntegrityTitle.com | 303.837.9171


Wheat Ridge, CO

Wed Dec 07 2022
This week the median list price for Wheat Ridge, CO is $700,000 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has decreased to 35. 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.

Slight Seller's Advantage

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

Wed Dec 07 2022
This week the median list price for Wheat Ridge, CO is $700,000 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has decreased to 35. 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.

Slight Seller's Advantage

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 $700,000
Median Price of New Listings $640,000
Per Square Foot $316
Average Days on Market 75
Median Days on Market 56
Price Decreased 77%
Price Increased 3%
Relisted 11%
Inventory 35
Median Rent
Market Action 42
Slight Seller's Advantage

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
$1,200,450 2,981 0.25 - 0.5 acre 5 3 63 0 2 49
$789,000 2,552 0.25 - 0.5 acre 4 3 63 0 0 77
$649,000 2,048 0.25 - 0.5 acre 3 2 72 1 1 56
$549,000 1,840 0.25 - 0.5 acre 3 2 71 0 3 42