Is West Adams, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Adams is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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.

Key Takeaway

The sold price of homes in West Adams has remained the same since last year.

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

# BEDSApr 2023Apr 2024CHANGE
1 $230K$220K
-4.3%
2 $374K$385.2K
+3.0%
3 $488.7K$484.9K
-0.8%
4 $560K$544.5K
-2.8%
5+ $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
0.1%
West Adams
0.0%
Northglenn
-1.0%
Thornton
-1.0%

Housing Supply in West Adams, CO

How many homes are available in West Adams, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
578855+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

# BEDSMar 2024Apr 2024CHANGE
1 716
+128.6%
2 116164
+41.4%
3 223310
+39.0%
4 165246
+49.1%
5+ 67119
+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 2024Apr 2024CHANGE
96236+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Adams, you could pay more than the asking price. 39% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
15 Days24 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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