First American Market Report

Grand Junction, CO

Single-Family Homes

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Grand Junction, CO

Sun Jul 12 2020
This week the median list price for Grand Junction, CO is $419,900 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 271. 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

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.

Grand Junction, CO

Sun Jul 12 2020
This week the median list price for Grand Junction, CO is $419,900 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has held steady at or around 271. 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

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 Grand Junction market.
Median List Price $419,900
Per Square Foot $193
Days on Market 105
Price Decreased 35%
Price Increased 2%
Relisted 8%
Inventory 271
Median Rent $1,595
Most Expensive $2,195,000
Least Expensive $75,000
Market Action 47
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$799,900 4,106 1 - 2.5 acres 4 4 17 4 3 159
$522,450 2,533 0.25 - 0.5 acre 4 3 17 4 12 134
$359,900 1,940 8,000 - 10,000 sqft 4 2 17 18 18 63
$264,900 1,484 6,500 - 8,000 sqft 3 2 30 17 26 63