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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westminster is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Westminster, CO

How much do homes in Westminster, CO cost?

Median Sold Price

$543,814

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$4,180(+0.8%)

Key Takeaway

Homes in Westminster have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Westminster was $543,814 in April 2024, up 0.8% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $262.5K$235K
-10.5%
2 $385K$400K
+3.9%
3 $530K$527.6K
-0.4%
4 $602.5K$637.5K
+5.8%
5+ $698.7K$715K
+2.3%

Summary: Westminster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Westminster
+0.8%
Broomfield
+0.8%
Westminster
0.1%
West Adams
0.0%

Housing Supply in Westminster, CO

How many homes are available in Westminster, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
246371+50.8%

Summary: The Westminster real estate market had 371 homes for sale in April 2024, a 50.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 812
+50.0%
2 6187
+42.6%
3 78119
+52.6%
4 6495
+48.4%
5+ 3558
+65.7%

Summary: The Westminster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 42.6%, 3 bedroom homes increased by 52.6%, 4 bedroom homes increased by 48.4%, and 5+ bedroom homes increased by 65.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5293+78.8%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

38 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westminster, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.

Summary: A total of 93 homes were sold or pending in Westminster in April 2024, up by 78.8% month-over-month. Of the 93 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% 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

Apr 2023Apr 2024CHANGE
18 Days18 Days+5.4%

Summary: Homes in Westminster had an average of 18 days on market in Apr 2024, up by 5.4% compared to last year.

Breakdown of Home Sale Times

78 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 93 homes were sold in Westminster; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% 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 2 Days Ago

Newest Listings in Westminster, CO

Nearby Markets to Westminster, CO

What housing markets are near Westminster, CO?