First American Market Report

Grand Junction, CO

Condos/Townhomes

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Grand Junction, CO

Sat Jul 11 2020
This week the median list price for Grand Junction, CO is $349,000 with the market action index hovering around 54. This is an increase over last month's market action index of 46. Inventory has held steady at or around 37. 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

Sat Jul 11 2020
This week the median list price for Grand Junction, CO is $349,000 with the market action index hovering around 54. This is an increase over last month's market action index of 46. Inventory has held steady at or around 37. 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 $349,000
Per Square Foot $183
Days on Market 171
Price Decreased 8%
Price Increased 3%
Relisted 24%
Inventory 37
Median Rent $975
Most Expensive $585,000
Least Expensive $45,000
Market Action 54
Strong Seller's Market

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
$515,000 2,493 0 - 4,500 sqft 3 4 2 1 3 402
$379,500 2,253 0 - 4,500 sqft 3 3 1 0 1 150
$330,000 1,556 0 - 4,500 sqft 3 2 7 2 8 108
$129,950 846 1 - 2.5 acres 2 1 42 1 3 39