Your Local Market Report

Wheat Ridge, CO

Single-Family Homes

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Wheat Ridge, CO

Fri Apr 23 2021
This week the median list price for Wheat Ridge, CO is $707,000 with the market action index hovering around 91. This is an increase over last month's market action index of 88. Inventory has held steady at or around 10. 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

Fri Apr 23 2021
This week the median list price for Wheat Ridge, CO is $707,000 with the market action index hovering around 91. This is an increase over last month's market action index of 88. Inventory has held steady at or around 10. 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 $707,000
Per Square Foot $253
Days on Market 0
Price Decreased 20%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent $1,300
Most Expensive $1,999,000
Least Expensive $420,000
Market Action 91
Strong Seller's Market

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift 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
$1,647,000 6,365 0.5 - 1 acre 4 4 10 0 0 133
$865,000 3,922 0.5 - 1 acre 5 3 81 2 0 0
$699,000 2,240 0.25 - 0.5 acre 4 3 49 1 1 14
$575,000 2,119 8,000 - 10,000 sqft 3 2 64 3 2 0