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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Highland is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in West Highland, CO

How much do homes in West Highland, CO cost?

Median Sold Price

$898,500

$517/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$1,500(-0.2%)

Key Takeaway

The sold price of homes in West Highland has remained the same since last year.

Summary: The median home sold price in West Highland was $898,500 in March 2024, down 0.2% from last year, and the median price per square foot was $517.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $495K$492.5K
-0.5%
2 $668.4K$675K
+1.0%
3 $877.3K$890K
+1.4%
4 $1.1M$1.1M
+2.1%
5+ $1.5M$1.4M
-5.0%

Summary: West Highland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 5%.

Median Sold Price Compared To Nearby Neighborhoods

Wolff Place
+16.6%
West Highland
-0.2%

Housing Supply in West Highland, CO

How many homes are available in West Highland, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6170+14.8%

Summary: The West Highland real estate market had 70 homes for sale in March 2024, a 14.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 21
-50.0%
2 1114
+27.3%
3 2023
+15.0%
4 1319
+46.2%
5+ 1513
-13.3%

Summary: The West Highland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1620+25.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 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 Highland, you could pay more than the asking price. 45% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in West Highland in March 2024, up by 25.0% month-over-month. Of the 20 sold homes, 40% were sold under asking, 15% were sold at asking, and 45% were sold over asking.

Days on Market for West Highland, CO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
26 Days21 Days-18.9%

Summary: Homes in West Highland had an average of 21 days on market in Mar 2024, down by 18.9% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

0 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 Highland are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 20 homes were sold in West Highland; 85% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 15% 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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