Is West Adams, 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, West Adams has remained a Seller's Market.
Housing Prices in West Adams, CO
How much do homes in West Adams, CO cost?
Median Sold Price
$490,360
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in West Adams was $490,360 in March 2024, down 1% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $228K | $220K | -3.5% |
2 Bedrooms | $375.1K | $385K | +2.6% |
3 Bedrooms | $484.9K | $475K | -2.1% |
4 Bedrooms | $555K | $532.5K | -4.1% |
5+ Bedrooms | $607.5K | $599.9K | -1.2% |
Summary: West Adams housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
Thornton | $534.9K | $535.1K | 0.0% |
West Adams | $495.2K | $490.3K | -1.0% |
Northglenn | $485.3K | $479.9K | -1.1% |
Westminster | $514.7K | $505K | -1.9% |
Federal Heights | $402.5K | $391K | -2.9% |
Housing Supply in West Adams, CO
How many homes are available in West Adams, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
991 | 1,185 | +19.6% |
Summary: The West Adams real estate market had 1,185 homes for sale in March 2024, a 19.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 22 | +29.4% |
2 Bedrooms | 194 | 237 | +22.2% |
3 Bedrooms | 389 | 475 | +22.1% |
4 Bedrooms | 268 | 308 | +14.9% |
5+ Bedrooms | 123 | 143 | +16.3% |
Summary: The West Adams housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 16.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
306 | 335 | +9.5% |
Asking Price vs. Sold Price
93 Homes Were Sold
Under Asking
109 Homes Were Sold
At Asking
133 Homes Were Sold
Over Asking
Summary: A total of 335 homes were sold or pending in West Adams in March 2024, up by 9.5% month-over-month. Of the 335 sold homes, 28% were sold under asking, 33% were sold at asking, and 40% were sold over asking.
Days on Market for West Adams, CO
How long does it take to sell a home in West Adams, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 32 Days | -0.6% |
Summary: Homes in West Adams had an average of 32 days on market in Mar 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
231 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Summary: During March 2024, 335 homes were sold in West Adams; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.