Is Wheat Ridge, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$668,750
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wheat Ridge was $668,750 in April 2024, down 1.4% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275.9K | $165K | -40.2% |
2 Bedrooms | $420K | $475K | +13.1% |
3 Bedrooms | $637.5K | $652.5K | +2.4% |
4 Bedrooms | $800K | $755K | -5.6% |
5+ Bedrooms | $872.5K | $905K | +3.7% |
Summary: Wheat Ridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.2%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
Northeast Jefferson | $609.6K | $624.9K | +2.5% |
Wheat Ridge | $678.5K | $668.7K | -1.4% |
Edgewater | $715K | $620K | -13.3% |
Housing Supply in Wheat Ridge, CO
How many homes are available in Wheat Ridge, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 117 | +42.7% |
Summary: The Wheat Ridge real estate market had 117 homes for sale in April 2024, a 42.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 24 | 35 | +45.8% |
3 Bedrooms | 22 | 31 | +40.9% |
4 Bedrooms | 20 | 29 | +45.0% |
5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The Wheat Ridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 45.8%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 45%, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 34 | +112.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Wheat Ridge in April 2024, up by 112.5% month-over-month. Of the 34 sold homes, 41% were sold under asking, 32% were sold at asking, and 26% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 21 Days | -12.0% |
Summary: Homes in Wheat Ridge had an average of 21 days on market in Apr 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Wheat Ridge; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.