Is West Adams, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$484,993
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in West Adams was $484,993 in November 2023, down 3% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $224K | -4.7% |
2 Bedrooms | $384.5K | $373.9K | -2.7% |
3 Bedrooms | $490.2K | $473.5K | -3.4% |
4 Bedrooms | $560K | $529.9K | -5.4% |
5+ Bedrooms | $613.5K | $591K | -3.7% |
Summary: West Adams housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
Westminster | $515K | $505.5K | -1.8% |
Northglenn | $490K | $477.8K | -2.5% |
Thornton | $540.5K | $525K | -2.9% |
West Adams | $499.9K | $484.9K | -3.0% |
Housing Supply in West Adams, CO
How many homes are available in West Adams, CO?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
1,086 | 1,044 | -3.9% |
Summary: The West Adams real estate market had 1,044 homes for sale in November 2023, a 3.9% decrease compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 33 | 32 | -3.0% |
2 Bedrooms | 158 | 139 | -12.0% |
3 Bedrooms | 451 | 434 | -3.8% |
4 Bedrooms | 311 | 313 | +0.6% |
5+ Bedrooms | 133 | 126 | -5.3% |
Summary: The West Adams housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 3%, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
313 | 272 | -13.1% |
Asking Price vs. Sold Price
120 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
81 Homes Were Sold
Over Asking
Summary: A total of 272 homes were sold or pending in West Adams in November 2023, down by 13.1% month-over-month. Of the 272 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% 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
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
34 Days | 37 Days | +9.1% |
Summary: Homes in West Adams had an average of 37 days on market in Nov 2023, up by 9.1% compared to last year.
Breakdown of Home Sale Times
167 Homes Were Sold
Under 30 Days
82 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During November 2023, 272 homes were sold in West Adams; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.