Is Wheat Ridge, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275.9K | $165K | -40.2% |
2 Bedrooms | $453.5K | $482.4K | +6.4% |
3 Bedrooms | $649.9K | $650K | 0.0% |
4 Bedrooms | $775K | $791K | +2.1% |
5+ Bedrooms | $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 | $600.2K | $624.9K | +4.1% |
Wheat Ridge | $675K | $668.7K | -0.9% |
Edgewater | $688K | $629K | -8.6% |
Housing Supply in Wheat Ridge, CO
How many homes are available in Wheat Ridge, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 165 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 38 | 45 | +18.4% |
3 Bedrooms | 30 | 50 | +66.7% |
4 Bedrooms | 34 | 39 | +14.7% |
5+ Bedrooms | 19 | 27 | +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 2024 | May 2024 | CHANGE |
---|---|---|
35 | 48 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 15 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
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.