Grand Junction, CO Home Values & Market Trends

Real estate market trends reflect that there have been 2,257 transactions over the past year in Grand Junction. The median value for residential home transactions that occurred over the previous year is $384,021.23. The number of current listings in Grand Junction is 46, and the percentage of properties for sale in the city is 46.00%. Grand Junction, CO currently has 44 properties in foreclosure, 3 bank owned properties, 41 properties headed for auction, and 46 properties for sale.

Grand Junction, CO Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
81504

$ 351,901

$ 258/sqft

81501

$ 319,375

$ 245/sqft

81506

$ 469,405

$ 234/sqft

81505

$ 446,463

$ 240/sqft

81503

$ 350,000

$ 262/sqft

81507

$ 2,300,000

$ 371/sqft

Housing Market Summary for Grand Junction, CO

Apr 2023March 2024Change
Median Listing Price$469K$380K-18.98%
Median Sold Price$371.4K$380K2.32%
Homes For Sale6343-31.75%
Homes Sold1,1721,039-11.35%
Price
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Grand Junction, CO

Grand Junction home values range from $35,507 to $4,563,105. The median estimated value of a home in Grand Junction is $384,021.23. The median list price of a home is 417,450, and the total count of properties in the city is 43,098.

Foreclosure
There are 6 zips within Grand Junction, CO; within these zips, the median estimated home value for homes in foreclosure ranges from $685,500 in 81503 to the lowest value of $238,750 in 81503. Foreclosure homes account for 0.00% of properties in Grand Junction, CO with 81504 containing 28 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Grand Junction, CO with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 6 zips within Grand Junction, CO; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Grand Junction, CO ranges from the highest value of $491,901 in 81504 to the lowest value of $270,348 in 81504. Bank owned homes and properties account for 0.01% of properties in Grand Junction, CO. There are 6 zips within Grand Junction, CO; 81504 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    81504 has 25 auction properties, the highest number of properties going to auction in a single zip in the state of Grand Junction, CO. Auction homes and other auction properties account for 0.10% of all properties in Grand Junction, CO. There are 6 zips within Grand Junction, CO; of those zips, the median estimated home value for homes going to auction ranges from $451,333 in 81507 to the lowest value of $238,750 in 81507.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.11% of residential properties in Grand Junction, CO with 81504 containing 17 homes for sale, the highest number of listed properties in a single zip. There are 6 zips within Grand Junction, CO; homes for sale in those zips, have a range of median values from $2,799,000 in 81507 to the lowest value of $209,500 in 81501.
    Sold Homes
    The median value for recently sold homes ranges from $690,630 in 81503 to the lowest price of $95,775 in 81503. There are 6 zips within Grand Junction, CO. 81504 has 337 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.66% of properties in Grand Junction, CO.

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      Guide for Grand Junction, CO

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      Colorado Springs Property Market Maintains Sturdy Performance in 2023
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      A Guide to Foreclosure Financing and Refinancing
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      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

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      Market Reports|posted 17 April 2024

      Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.

      Recently Listed Homes Grand Junction, CO

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