Is Westminster, 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, Westminster has remained a Seller's Market.
Housing Prices in Westminster, CO
How much do homes in Westminster, CO cost?
Median Sold Price
$525,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Westminster was $525,000 in March 2024, down 1.2% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $238.5K | $262K | +9.9% |
2 Bedrooms | $390.3K | $390K | -0.1% |
3 Bedrooms | $525K | $515K | -1.9% |
4 Bedrooms | $605K | $601.5K | -0.6% |
5+ Bedrooms | $697.9K | $656K | -6.0% |
Summary: Westminster housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
Broomfield | $609.1K | $615.4K | +1.0% |
West Adams | $495.2K | $490.3K | -1.0% |
Westminster | $531.3K | $525K | -1.2% |
Westminster | $514.7K | $505K | -1.9% |
Federal Heights | $402.5K | $391K | -2.9% |
Housing Supply in Westminster, CO
How many homes are available in Westminster, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
368 | 472 | +28.3% |
Summary: The Westminster real estate market had 472 homes for sale in March 2024, a 28.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 16 | +14.3% |
2 Bedrooms | 83 | 113 | +36.1% |
3 Bedrooms | 130 | 159 | +22.3% |
4 Bedrooms | 85 | 116 | +36.5% |
5+ Bedrooms | 56 | 68 | +21.4% |
Summary: The Westminster housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 36.1%, 3 bedroom homes increased by 22.3%, 4 bedroom homes increased by 36.5%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
110 | 137 | +24.5% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 137 homes were sold or pending in Westminster in March 2024, up by 24.5% month-over-month. Of the 137 sold homes, 32% were sold under asking, 28% were sold at asking, and 40% were sold over asking.
Days on Market for Westminster, CO
How long does it take to sell a home in Westminster, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 31 Days | -11.8% |
Summary: Homes in Westminster had an average of 31 days on market in Mar 2024, down by 11.8% compared to last year.
Breakdown of Home Sale Times
93 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 137 homes were sold in Westminster; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.