Is West Colfax, 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 Colfax has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $555K | $490K | -11.7% |
2 Bedrooms | $660K | $665K | +0.8% |
3 Bedrooms | $795K | $785K | -1.3% |
4 Bedrooms | $865K | $867.5K | 0.3% |
5+ Bedrooms | $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 | $750K | $740K | -1.3% |
West Villa Park | $725K | $690K | -4.8% |
Villa Park / Vicca Park | $510K | $441.7K | -13.4% |
Housing Supply in West Colfax, CO
How many homes are available in West Colfax, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 82 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 25 | 33 | +32.0% |
3 Bedrooms | 21 | 32 | +52.4% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 6 | 4 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 18 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 29 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
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.