$5,641 Closing Credit*
$475,000
1,068 SqFt
3 Beds
•1 Full Bath
Jeff Stander, Listing Office: HomeSmart
Is Wheat Ridge, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$637,364
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,635(-2.7%)
Key Takeaway
Homes in Wheat Ridge have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Wheat Ridge was $637,364 in October 2024, down 2.7% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $217.5K | N/A |
| 2 Bedrooms | $438K | $483.4K | +10.4% |
| 3 Bedrooms | $630K | $625K | -0.8% |
| 4 Bedrooms | $770K | $789.5K | +2.5% |
| 5+ Bedrooms | $862K | $868.7K | +0.8% |
Summary: Wheat Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Northeast Jefferson | $606.3K | $606.6K | 0.0% |
| Edgewater | $650K | $645K | -0.8% |
| Wheat Ridge | $655K | $637.3K | -2.7% |
Housing Supply in Wheat Ridge, CO
How many homes are available in Wheat Ridge, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 177 | 170 | -4.0% |
Summary: The Wheat Ridge real estate market had 170 homes for sale in October 2024, a 4.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 38 | 42 | +10.5% |
| 3 Bedrooms | 59 | 45 | -23.7% |
| 4 Bedrooms | 39 | 41 | +5.1% |
| 5+ Bedrooms | 31 | 30 | -3.2% |
Summary: The Wheat Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 23.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 41 | -12.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 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. 51.2% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Wheat Ridge in October 2024, down by 12.8% month-over-month. Of the 41 sold homes, 51% were sold under asking, 24% were sold at asking, and 24% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 36 Days | +134.1% |
Summary: Homes in Wheat Ridge had an average of 36 days on market in Oct 2024, up by 134.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 41 homes were sold in Wheat Ridge; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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