Is West Adams, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Adams is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, West Adams has remained a Seller's Market.

Key Takeaway

West Adams is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$4,875(-1.0%)

Key Takeaway

Homes in West Adams have sold for 1% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $228K$220K
-3.5%
2 $375.1K$385K
+2.6%
3 $484.9K$475K
-2.1%
4 $555K$532.5K
-4.1%
5+ $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
0.0%
West Adams
-1.0%
Northglenn
-1.1%
Westminster
-1.9%
Federal Heights
-2.9%

Housing Supply in West Adams, CO

How many homes are available in West Adams, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
9911,185+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

# BEDSFeb 2024Mar 2024CHANGE
1 1722
+29.4%
2 194237
+22.2%
3 389475
+22.1%
4 268308
+14.9%
5+ 123143
+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 2024Mar 2024CHANGE
306335+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Adams, you could pay more than the asking price. 39.7% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
32 Days32 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Adams are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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