Your Local Market Report

Grand Junction, CO

Single-Family Homes

How's the Market?



Grand Junction, CO

Mon Jun 24 2024
This week the median list price for Grand Junction, CO is $525,000 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has increased to 285. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Grand Junction, CO

Mon Jun 24 2024
This week the median list price for Grand Junction, CO is $525,000 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has increased to 285. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Grand Junction market.
Median List Price $525,000
Median Price of New Listings $491,750
Per Square Foot $284
Average Days on Market 77
Median Days on Market 35
Price Decreased 37%
Price Increased 5%
Relisted 4%
Inventory 285
Median Rent
Market Action 46
Strong Seller's Market

The market is 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
$1,075,000 3,007 0.5 - 1 acre 4 3 18 6 4 56
$649,900 2,108 0.25 - 0.5 acre 3 2 19 17 11 42
$459,127 1,752 6,500 - 8,000 sqft 3 2 19 9 14 28
$359,450 1,404 6,500 - 8,000 sqft 3 2 42 18 15 24