Is West Adams, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, West Adams has remained a Seller's Market.
Housing Prices in West Adams, CO
How much do homes in West Adams, CO cost?
Median Sold Price
$500,000
$279/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in West Adams was $500,000 in April 2024, the same as last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $220K | -4.3% |
2 Bedrooms | $374K | $385.2K | +3.0% |
3 Bedrooms | $488.7K | $484.9K | -0.8% |
4 Bedrooms | $560K | $544.5K | -2.8% |
5+ Bedrooms | $635K | $622.5K | -2.0% |
Summary: West Adams housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
Westminster | $523.5K | $523.8K | 0.1% |
West Adams | $500K | $500K | 0.0% |
Northglenn | $490K | $485K | -1.0% |
Thornton | $531.6K | $526.5K | -1.0% |
Housing Supply in West Adams, CO
How many homes are available in West Adams, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
578 | 855 | +47.9% |
Summary: The West Adams real estate market had 855 homes for sale in April 2024, a 47.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 16 | +128.6% |
2 Bedrooms | 116 | 164 | +41.4% |
3 Bedrooms | 223 | 310 | +39.0% |
4 Bedrooms | 165 | 246 | +49.1% |
5+ Bedrooms | 67 | 119 | +77.6% |
Summary: The West Adams housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 128.6%, 2 bedroom homes increased by 41.4%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 49.1%, and 5+ bedroom homes increased by 77.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
96 | 236 | +145.8% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
69 Homes Were Sold
At Asking
92 Homes Were Sold
Over Asking
Summary: A total of 236 homes were sold or pending in West Adams in April 2024, up by 145.8% month-over-month. Of the 236 sold homes, 32% were sold under asking, 29% were sold at asking, and 39% were sold over asking.
Days on Market for West Adams, CO
How long does it take to sell a home in West Adams, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 24 Days | +60.8% |
Summary: Homes in West Adams had an average of 24 days on market in Apr 2024, up by 60.8% compared to last year.
Breakdown of Home Sale Times
174 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 236 homes were sold in West Adams; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.