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
$505,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Westminster was $505,000 in March 2024, down 1.9% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $234K | $255K | +9.0% |
2 Bedrooms | $391K | $403.1K | +3.1% |
3 Bedrooms | $500K | $485.5K | -2.9% |
4 Bedrooms | $565K | $575.8K | +1.9% |
5+ Bedrooms | $630K | $595K | -5.6% |
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%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Arvada | $610.3K | $621.2K | +1.8% |
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 |
---|---|---|
169 | 228 | +34.9% |
Summary: The Westminster real estate market had 228 homes for sale in March 2024, a 34.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 7 | +133.3% |
2 Bedrooms | 36 | 42 | +16.7% |
3 Bedrooms | 57 | 79 | +38.6% |
4 Bedrooms | 47 | 68 | +44.7% |
5+ Bedrooms | 26 | 32 | +23.1% |
Summary: The Westminster housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 38.6%, 4 bedroom homes increased by 44.7%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 63 | +21.2% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Westminster in March 2024, up by 21.2% month-over-month. Of the 63 sold homes, 33% were sold under asking, 29% were sold at asking, and 38% 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 |
---|---|---|
24 Days | 32 Days | +31.9% |
Summary: Homes in Westminster had an average of 32 days on market in Mar 2024, up by 31.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 63 homes were sold in Westminster; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.