Is Wheat Ridge, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wheat Ridge has remained a Seller's Market.
Housing Prices in Wheat Ridge, CO
How much do homes in Wheat Ridge, CO cost?
Median Sold Price
$630,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wheat Ridge was $630,000 in March 2024, down 4.3% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $297.5K | $260.9K | -12.3% |
2 Bedrooms | $491K | $452.9K | -7.7% |
3 Bedrooms | $635K | $615K | -3.1% |
4 Bedrooms | $790K | $755K | -4.4% |
5+ Bedrooms | $850K | $845K | -0.6% |
Summary: Wheat Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Northeast Jefferson | $599.9K | $604.8K | +0.8% |
Wheat Ridge | $658.2K | $630K | -4.3% |
Edgewater | $715.3K | $645K | -9.8% |
Housing Supply in Wheat Ridge, CO
How many homes are available in Wheat Ridge, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
150 | 172 | +14.7% |
Summary: The Wheat Ridge real estate market had 172 homes for sale in March 2024, a 14.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 52 | 46 | -11.5% |
3 Bedrooms | 37 | 47 | +27.0% |
4 Bedrooms | 35 | 46 | +31.4% |
5+ Bedrooms | 19 | 26 | +36.8% |
Summary: The Wheat Ridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.5%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 31.4%, and 5+ bedroom homes increased by 36.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 54 | +8.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Wheat Ridge in March 2024, up by 8.0% month-over-month. Of the 54 sold homes, 41% were sold under asking, 20% were sold at asking, and 39% were sold over asking.
Days on Market for Wheat Ridge, CO
How long does it take to sell a home in Wheat Ridge, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 44 Days | +66.6% |
Summary: Homes in Wheat Ridge had an average of 44 days on market in Mar 2024, up by 66.6% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 54 homes were sold in Wheat Ridge; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.