Is Westminster, 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, Westminster has remained a Seller's Market.
Housing Prices in Westminster, CO
How much do homes in Westminster, CO cost?
Median Sold Price
$523,833
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westminster was $523,833 in April 2024, up 0.1% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $253.5K | $245K | -3.4% |
2 Bedrooms | $375.2K | $425K | +13.3% |
3 Bedrooms | $515K | $502.5K | -2.4% |
4 Bedrooms | $565K | $607.5K | +7.5% |
5+ Bedrooms | $655K | $610K | -6.9% |
Summary: Westminster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Cities
Arvada | $617.5K | $643.5K | +4.2% |
Westminster | $539.6K | $543.8K | +0.8% |
Westminster | $523.5K | $523.8K | 0.1% |
West Adams | $500K | $500K | 0.0% |
Housing Supply in Westminster, CO
How many homes are available in Westminster, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 166 | +49.5% |
Summary: The Westminster real estate market had 166 homes for sale in April 2024, a 49.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 7 | +133.3% |
2 Bedrooms | 22 | 26 | +18.2% |
3 Bedrooms | 37 | 56 | +51.4% |
4 Bedrooms | 35 | 50 | +42.9% |
5+ Bedrooms | 14 | 27 | +92.9% |
Summary: The Westminster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 51.4%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 92.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 36 | +71.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Westminster in April 2024, up by 71.4% month-over-month. Of the 36 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Westminster, CO
How long does it take to sell a home in Westminster, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
14 Days | 14 Days | -0.3% |
Summary: Homes in Westminster had an average of 14 days on market in Apr 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Westminster; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.