First Integrity Title Market Report

Wheat Ridge, CO

Single-Family Homes

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Wheat Ridge, CO

Mon Dec 02 2024
This week the median list price for Wheat Ridge, CO is $689,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 37. 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

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Wheat Ridge, CO

Mon Dec 02 2024
This week the median list price for Wheat Ridge, CO is $689,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 37. 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

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Wheat Ridge market.
Median List Price $689,000
Median Price of New Listings $652,500
Per Square Foot $413
Average Days on Market 96
Median Days on Market 84
Price Decreased 49%
Price Increased 0%
Relisted 11%
Inventory 37
Median Rent
Market Action 40
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$950,000 2,095 0.25 - 0.5 acre 4 2.8 69 1 3 77
$750,000 1,943 8,000 - 10,000 sqft 4 2.5 66 0 0 105
$665,000 1,678 8,000 - 10,000 sqft 3 2 67 2 3 98
$525,000 1,238 8,000 - 10,000 sqft 3 1.5 68 1 2 59