Is Old Town Wheat Ridge, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Town Wheat Ridge is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Old Town Wheat Ridge has remained a Seller's Market.

Key Takeaway

Old Town Wheat Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Old Town Wheat Ridge, CO

How much do homes in Old Town Wheat Ridge, CO cost?

Median Sold Price

$685,000

$416/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$38,120(-5.3%)

Key Takeaway

Homes in Old Town Wheat Ridge have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in Old Town Wheat Ridge was $685,000 in February 2024, down 5.3% from last year, and the median price per square foot was $416.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $620K$450K
-27.4%
2 $599.8K$515K
-14.1%
3 $700K$680K
-2.9%
4 $742.5K$765K
+3.0%
5+ $875K$775K
-11.4%

Summary: Old Town Wheat Ridge housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.4%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 11.4%.

Median Sold Price Compared To Nearby Neighborhoods

Olinger Gardens
+6.2%
Old Town Wheat Ridge
-5.3%

Housing Supply in Old Town Wheat Ridge, CO

How many homes are available in Old Town Wheat Ridge, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4859+22.9%

Summary: The Old Town Wheat Ridge real estate market had 59 homes for sale in February 2024, a 22.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1922
+15.8%
3 1110
-9.1%
4 1119
+72.7%
5+ 67
+16.7%

Summary: The Old Town Wheat Ridge housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1115+36.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Town Wheat Ridge, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in Old Town Wheat Ridge in February 2024, up by 36.4% month-over-month. Of the 15 sold homes, 27% were sold under asking, 60% were sold at asking, and 13% were sold over asking.

Days on Market for Old Town Wheat Ridge, CO

How long does it take to sell a home in Old Town Wheat Ridge, CO?

Average Sale Time

Feb 2023Feb 2024CHANGE
115 Days41 Days-64.3%

Summary: Homes in Old Town Wheat Ridge had an average of 41 days on market in Feb 2024, down by 64.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Old Town Wheat Ridge are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 15 homes were sold in Old Town Wheat Ridge; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Old Town Wheat Ridge, CO

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