First American Market Report
Wheat Ridge, CO
Single-Family Homes
First American Title | 303.305.1350 | www.firstam.com/title/co
Wheat Ridge, CO
Sat Jul 11 2020
This week the median list price for Wheat Ridge, CO is $512,500 with the market action index hovering around 69. This is an increase over last month's market action index of 59. Inventory has held steady at or around 20.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $512,500 | |
| Per Square Foot | $262 | |
| Days on Market | 29 | |
| Price Decreased | 30% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 20 | |
| Median Rent | $1,410 | |
| Most Expensive | $1,450,000 | |
| Least Expensive | $350,000 | |
| Market Action | 69 | |
| Strong Seller's Market | ||
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $869,900 | 3,250 | 0.25 - 0.5 acre | 4 | 3 | 35 | 1 | 1 | 57 |
| $575,000 | 2,469 | 0.25 - 0.5 acre | 4 | 2 | 66 | 3 | 3 | 23 |
| $464,900 | 1,583 | 8,000 - 10,000 sqft | 3 | 2 | 63 | 3 | 2 | 7 |
| $395,000 | 992 | 0.25 - 0.5 acre | 2 | 1 | 76 | 0 | 1 | 28 |