Is Westcliffe, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Westcliffe has remained a Buyer's Market.
Housing Prices in Westcliffe, CO
How much do homes in Westcliffe, CO cost?
Median Sold Price
$525,000
$278/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Westcliffe was $525,000 in April 2024, down 0.6% from last month, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $147.5K | $450K | +205.1% |
3 Bedrooms | $714K | $790K | +10.6% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Westcliffe housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 205.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Westcliffe, CO
How many homes are available in Westcliffe, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 73 | +21.7% |
Summary: The Westcliffe real estate market had 73 homes for sale in April 2024, a 21.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 18 | 24 | +33.3% |
3 Bedrooms | 28 | 31 | +10.7% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Westcliffe housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Westcliffe in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Westcliffe, CO
How long does it take to sell a home in Westcliffe, CO?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 167 Days | +184.5% |
Summary: Homes in Westcliffe had an average of 167 days on market in Apr 2024, up by 184.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Westcliffe; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 83% of homes were sold over 90 days.