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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Town Wheat Ridge is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Old Town Wheat Ridge was a Buyer's Market.

Key Takeaway

Old Town Wheat Ridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Old Town Wheat Ridge, CO

How much do homes in Old Town Wheat Ridge, CO cost?

Median Sold Price

$679,500

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$59,800(-8.1%)

Key Takeaway

Homes in Old Town Wheat Ridge have sold for 8.1% less than they did a year ago.

Summary: The median home sold price in Old Town Wheat Ridge was $679,500 in November 2024, down 8.1% from last year, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$466K
N/A
2 $547K$525K
-4.0%
3 $686K$619.9K
-9.6%
4 $777.5K$812.1K
+4.5%
5+ $705.5K$783K
+11.0%

Summary: Old Town Wheat Ridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 11%.

Housing Supply in Old Town Wheat Ridge, CO

How many homes are available in Old Town Wheat Ridge, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
34340.0%

Summary: The Old Town Wheat Ridge real estate market had 34 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 45
+25.0%
3 1311
-15.4%
4 88
0.0%
5+ 88
0.0%

Summary: The Old Town Wheat Ridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Town Wheat Ridge, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Old Town Wheat Ridge in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Old Town Wheat Ridge, CO

How long does it take to sell a home in Old Town Wheat Ridge, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days21 Days+67.7%

Summary: Homes in Old Town Wheat Ridge had an average of 21 days on market in Nov 2024, up by 67.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Old Town Wheat Ridge; 60% of homes were sold within 30 days, 40% 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 21 Days Ago

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