Is Old Town Wheat Ridge, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Old Town Wheat Ridge has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $620K | $450K | -27.4% |
2 Bedrooms | $599.8K | $515K | -14.1% |
3 Bedrooms | $700K | $680K | -2.9% |
4 Bedrooms | $742.5K | $765K | +3.0% |
5+ Bedrooms | $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 | $650K | $690K | +6.2% |
Old Town Wheat Ridge | $723.1K | $685K | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
48 | 59 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 22 | +15.8% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 11 | 19 | +72.7% |
5+ Bedrooms | 6 | 7 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 15 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
115 Days | 41 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
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.