First Integrity Title Market Report

Wheat Ridge, CO

Single-Family Homes

www.FirstIntegrityTitle.com | 303.837.9171



Wheat Ridge, CO

Sun Aug 01 2021
This week the median list price for Wheat Ridge, CO is $620,000 with the market action index hovering around 84. This is less than last month's market action index of 88. Inventory has increased to 19. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Wheat Ridge, CO

Sun Aug 01 2021
This week the median list price for Wheat Ridge, CO is $620,000 with the market action index hovering around 84. This is less than last month's market action index of 88. Inventory has increased to 19. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Wheat Ridge market.
Median List Price $620,000
Median Price of New Listings $600,000
Per Square Foot $344
Average Days on Market 28
Median Days on Market 7
Price Decreased 37%
Price Increased 0%
Relisted 5%
Inventory 19
Median Rent $1,340
Market Action 84
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. 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
$872,500 1,944 0.5 - 1 acre 3 2 73 2 0 28
$665,000 2,240 0.25 - 0.5 acre 4 2 56 2 0 21
$574,900 1,709 0.25 - 0.5 acre 3 2 71 1 1 7
$459,000 1,200 8,000 - 10,000 sqft 3 2 65 3 2 0