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 May 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

$668,750

$371/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$6,250(-0.9%)

Key Takeaway

Homes in Wheat Ridge have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Wheat Ridge was $668,750 in May 2024, down 0.9% from last year, and the median price per square foot was $371.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $275.9K$165K
-40.2%
2 $453.5K$482.4K
+6.4%
3 $649.9K$650K
0.0%
4 $775K$791K
+2.1%
5+ $872.5K$895K
+2.6%

Summary: Wheat Ridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.2%, 2 bedroom homes increased by 6.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Cities

Northeast Jefferson
+4.1%
Wheat Ridge
-0.9%
Edgewater
-8.6%

Housing Supply in Wheat Ridge, CO

How many homes are available in Wheat Ridge, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
124165+33.1%

Summary: The Wheat Ridge real estate market had 165 homes for sale in May 2024, a 33.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 3845
+18.4%
3 3050
+66.7%
4 3439
+14.7%
5+ 1927
+42.1%

Summary: The Wheat Ridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 42.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3548+37.1%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wheat Ridge, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in Wheat Ridge in May 2024, up by 37.1% month-over-month. Of the 48 sold homes, 25% were sold under asking, 29% were sold at asking, and 46% 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

May 2023May 2024CHANGE
19 Days15 Days-22.9%

Summary: Homes in Wheat Ridge had an average of 15 days on market in May 2024, down by 22.9% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 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 May 2024, 48 homes were sold in Wheat Ridge; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 12 Days Ago

Newest Listings in Wheat Ridge, CO

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