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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Colfax is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in West Colfax, CO

How much do homes in West Colfax, CO cost?

Median Sold Price

$740,000

$469/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$10,000(-1.3%)

Key Takeaway

Homes in West Colfax have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in West Colfax was $740,000 in March 2024, down 1.3% from last year, and the median price per square foot was $469.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $555K$490K
-11.7%
2 $660K$665K
+0.8%
3 $795K$785K
-1.3%
4 $865K$867.5K
0.3%
5+ $1.1M$850K
-22.7%

Summary: West Colfax housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 22.7%.

Median Sold Price Compared To Nearby Neighborhoods

West Colfax
-1.3%
West Villa Park
-4.8%
Villa Park / Vicca Park
-13.4%

Housing Supply in West Colfax, CO

How many homes are available in West Colfax, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6382+30.2%

Summary: The West Colfax real estate market had 82 homes for sale in March 2024, a 30.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 56
+20.0%
2 2533
+32.0%
3 2132
+52.4%
4 67
+16.7%
5+ 64
-33.3%

Summary: The West Colfax housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 52.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1318+38.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Colfax, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in West Colfax in March 2024, up by 38.5% month-over-month. Of the 18 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.

Days on Market for West Colfax, CO

How long does it take to sell a home in West Colfax, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
21 Days29 Days+40.6%

Summary: Homes in West Colfax had an average of 29 days on market in Mar 2024, up by 40.6% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 18 homes were sold in West Colfax; 72% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 17% 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 24 Days Ago

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