First Integrity Title Market Report

Wheat Ridge, CO

Single-Family Homes

www.FirstIntegrityTitle.com | 303.837.9171



Wheat Ridge, CO

Wed Jun 26 2019
This week the median list price for Wheat Ridge, CO is $570,000 with the market action index hovering around 64. This is an increase over last month's market action index of 59. Inventory has held steady at or around 25. Click here to stay informed with the Wheat Ridge market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Wheat Ridge, CO

Wed Jun 26 2019
This week the median list price for Wheat Ridge, CO is $570,000 with the market action index hovering around 64. This is an increase over last month's market action index of 59. Inventory has held steady at or around 25. Click here to stay informed with the Wheat Ridge market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Wheat Ridge market.
Median List Price $570,000
Per Square Foot $239
Days on Market 47
Price Decreased 52%
Price Increased 4%
Relisted 20%
Inventory 25
Median House Rent $1,650
Most Expensive $1,395,000
Least Expensive $365,000
Market Action Index
Strong Seller's Market
64

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$906,750 4,629 0.25 - 0.5 acre 4 3 10 2 0 66
$621,000 2,523 0.25 - 0.5 acre 4 2 65 0 1 66
$536,500 2,319 0.25 - 0.5 acre 3 2 60 0 2 47
$500,000 1,904 8,000 - 10,000 sqft 3 2 62 4 7 16