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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wheat Ridge is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

-$28,266(-4.3%)

Key Takeaway

Homes in Wheat Ridge have sold for 4.3% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $297.5K$260.9K
-12.3%
2 $491K$452.9K
-7.7%
3 $635K$615K
-3.1%
4 $790K$755K
-4.4%
5+ $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
+0.8%
Wheat Ridge
-4.3%
Edgewater
-9.8%

Housing Supply in Wheat Ridge, CO

How many homes are available in Wheat Ridge, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
150172+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

# BEDSFeb 2024Mar 2024CHANGE
1 77
0.0%
2 5246
-11.5%
3 3747
+27.0%
4 3546
+31.4%
5+ 1926
+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 2024Mar 2024CHANGE
5054+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wheat Ridge, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
26 Days44 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 23 Days Ago

Newest Listings in Wheat Ridge, CO

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