Is Westridge, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westridge is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Westridge, CO

How much do homes in Westridge, CO cost?

Median Sold Price

$674,571

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$14,211(-2.1%)

Key Takeaway

Homes in Westridge have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Westridge was $674,571 in February 2024, down 2.1% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $329K$325K
-1.2%
2 $510.8K$499.9K
-2.1%
3 $635K$625K
-1.6%
4 $730K$710K
-2.7%
5+ $1.1M$1.0M
-7.6%

Summary: Westridge housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 7.6%.

Median Sold Price Compared To Nearby Neighborhoods

Southridge Vista
+10.3%
Westridge
-2.1%

Housing Supply in Westridge, CO

How many homes are available in Westridge, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
95137+44.2%

Summary: The Westridge real estate market had 137 homes for sale in February 2024, a 44.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1819
+5.6%
3 2130
+42.9%
4 3346
+39.4%
5+ 2342
+82.6%

Summary: The Westridge 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 increased by 5.6%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes increased by 82.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3037+23.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westridge, expect to pay close to the asking price. 45.9% of homes here sold near the asking price last month.

Summary: A total of 37 homes were sold or pending in Westridge in February 2024, up by 23.3% month-over-month. Of the 37 sold homes, 22% were sold under asking, 46% were sold at asking, and 32% were sold over asking.

Days on Market for Westridge, CO

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

Average Sale Time

Feb 2023Feb 2024CHANGE
40 Days34 Days-13.9%

Summary: Homes in Westridge had an average of 34 days on market in Feb 2024, down by 13.9% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 37 homes were sold in Westridge; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% 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 28 Days Ago

Newest Listings in Westridge, CO

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