First American Market Report

Wheat Ridge, CO

Single-Family Homes

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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. 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

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.

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. 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

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

Never miss important changes in the Wheat Ridge market.
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