Your Local Market Report

Wheat Ridge, CO

Single-Family Homes

First American Title | www.firstam.com/title/co



Wheat Ridge, CO

Tue Mar 02 2021
This week the median list price for Wheat Ridge, CO is $540,000 with the market action index hovering around 84. This is an increase over last month's market action index of 83. Inventory has held steady at or around 8. 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

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.

Wheat Ridge, CO

Tue Mar 02 2021
This week the median list price for Wheat Ridge, CO is $540,000 with the market action index hovering around 84. This is an increase over last month's market action index of 83. Inventory has held steady at or around 8. 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

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 Wheat Ridge market.
Median List Price $540,000
Per Square Foot $320
Days on Market 21
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent $1,350
Most Expensive $1,395,000
Least Expensive $347,900
Market Action 84
Strong Seller's Market

The market seems to have paused around this plateau. 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
$1,022,499 3,262 0.25 - 0.5 acre 4 3 45 1 1 105
$599,950 2,355 4,500 - 6,500 sqft 3 3 66 0 1 14
$485,000 811 1 - 2.5 acres 2 1 82 0 1 28
$371,450 1,502 8,000 - 10,000 sqft 2 1 100 1 0 42