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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Louisville is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in West Louisville, CO

How much do homes in West Louisville, CO cost?

Median Sold Price

$1,100,000

$379/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$100,000(-8.3%)

Key Takeaway

Homes in West Louisville have sold for 8.3% less than they did a year ago.

Summary: The median home sold price in West Louisville was $1,100,000 in February 2024, down 8.3% from last year, and the median price per square foot was $379.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $950K$891.5K
-6.2%
4 $1.0M$900K
-16.3%
5+ $1.3M$1.4M
+8.9%

Summary: West Louisville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes increased by 8.9%.

Housing Supply in West Louisville, CO

How many homes are available in West Louisville, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
45+25.0%

Summary: The West Louisville real estate market had 5 homes for sale in February 2024, a 25.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 01
+100.0%
4 22
0.0%
5+ 22
0.0%

Summary: The West Louisville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Louisville, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in West Louisville in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for West Louisville, CO

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

Average Sale Time

Feb 2023Feb 2024CHANGE
68 Days21 Days-68.5%

Summary: Homes in West Louisville had an average of 21 days on market in Feb 2024, down by 68.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in West Louisville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in West Louisville, CO

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