Is Washington Park West, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Washington Park West has remained a Seller's Market.
Key Takeaway
Washington Park West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington Park West, CO
How much do homes in Washington Park West, CO cost?
Median Sold Price
$860,000
$490/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Washington Park West have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Washington Park West was $860,000 in March 2024, up 3.9% from last year, and the median price per square foot was $490.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $338.7K | +1.1% |
| 2 Bedrooms | $635K | $481.2K | -24.2% |
| 3 Bedrooms | $907K | $938K | +3.4% |
| 4 Bedrooms | $1.2M | $1.2M | +5.6% |
| 5+ Bedrooms | $1.5M | $1.7M | +12.7% |
Summary: Washington Park West housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 24.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Washington Park | $1.4M | $1.7M | +21.9% |
| Lincoln | $640K | $695K | +8.6% |
| Sherman | $775K | $837.5K | +8.1% |
| Washington Park West | $828K | $860K | +3.9% |
Housing Supply in Washington Park West, CO
How many homes are available in Washington Park West, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 76 | +15.2% |
Summary: The Washington Park West real estate market had 76 homes for sale in March 2024, a 15.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 14 | +27.3% |
| 2 Bedrooms | 14 | 20 | +42.9% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Washington Park West housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington Park West, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Washington Park West in March 2024, the same as the previous month. Of the 17 sold homes, 76% were sold under asking, 0% were sold at asking, and 24% were sold over asking.
Days on Market for Washington Park West, CO
How long does it take to sell a home in Washington Park West, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 45 Days | +248.0% |
Summary: Homes in Washington Park West had an average of 45 days on market in Mar 2024, up by 248% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Washington Park West are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Washington Park West; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 