Is Wheat Ridge, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$655,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Wheat Ridge have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Wheat Ridge was $655,000 in June 2024, down 3.5% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275.9K | $165K | -40.2% |
| 2 Bedrooms | $453.5K | $493K | +8.7% |
| 3 Bedrooms | $645K | $646K | 0.2% |
| 4 Bedrooms | $775K | $792.2K | +2.2% |
| 5+ Bedrooms | $824K | $875K | +6.2% |
Summary: Wheat Ridge housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.2%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Northeast Jefferson | $600K | $624.9K | +4.2% |
| Wheat Ridge | $678.5K | $655K | -3.5% |
| Edgewater | $669.5K | $624K | -6.8% |
Housing Supply in Wheat Ridge, CO
How many homes are available in Wheat Ridge, CO?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 159 | 171 | +7.5% |
Summary: The Wheat Ridge real estate market had 171 homes for sale in June 2024, a 7.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 45 | 38 | -15.6% |
| 3 Bedrooms | 46 | 55 | +19.6% |
| 4 Bedrooms | 39 | 40 | +2.6% |
| 5+ Bedrooms | 24 | 30 | +25.0% |
Summary: The Wheat Ridge housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 50 | 37 | -26.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wheat Ridge, you may be able to get a good deal. 35.1% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Wheat Ridge in June 2024, down by 26.0% month-over-month. Of the 37 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 4 Days | 22 Days | +404.5% |
Summary: Homes in Wheat Ridge had an average of 22 days on market in Jun 2024, up by 404.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wheat Ridge are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 37 homes were sold in Wheat Ridge; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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