Your Local Market Report

Grand Junction, CO

Single-Family Homes

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Grand Junction, CO

Tue Mar 02 2021
This week the median list price for Grand Junction, CO is $517,450 with the market action index hovering around 63. This is an increase over last month's market action index of 56. Inventory has held steady at or around 104. Click here to stay informed with the Grand Junction market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Grand Junction, CO

Tue Mar 02 2021
This week the median list price for Grand Junction, CO is $517,450 with the market action index hovering around 63. This is an increase over last month's market action index of 56. Inventory has held steady at or around 104. Click here to stay informed with the Grand Junction market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Grand Junction market.
Median List Price $517,450
Per Square Foot $221
Days on Market 53
Price Decreased 23%
Price Increased 10%
Relisted 10%
Inventory 104
Median Rent $1,400
Most Expensive $3,200,000
Least Expensive $39,900
Market Action 63
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$1,295,000 4,865 2.5 - 5 acres 4 4 18 3 4 115
$650,000 2,923 0.25 - 0.5 acre 4 3 16 5 7 70
$428,950 1,965 0.25 - 0.5 acre 3 2 12 7 15 45
$236,000 1,389 6,500 - 8,000 sqft 3 2 43 8 13 14