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

$523,833

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$303(+0.1%)

Key Takeaway

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

Summary: The median home sold price in Westminster was $523,833 in April 2024, up 0.1% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $253.5K$245K
-3.4%
2 $375.2K$425K
+13.3%
3 $515K$502.5K
-2.4%
4 $565K$607.5K
+7.5%
5+ $655K$610K
-6.9%

Summary: Westminster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 6.9%.

Median Sold Price Compared To Nearby Cities

Arvada
+4.2%
Westminster
+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
111166+49.5%

Summary: The Westminster real estate market had 166 homes for sale in April 2024, a 49.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 37
+133.3%
2 2226
+18.2%
3 3756
+51.4%
4 3550
+42.9%
5+ 1427
+92.9%

Summary: The Westminster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 51.4%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 92.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2136+71.4%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westminster, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Westminster in April 2024, up by 71.4% month-over-month. Of the 36 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% 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
14 Days14 Days-0.3%

Summary: Homes in Westminster had an average of 14 days on market in Apr 2024, down by 0.3% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was 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, 36 homes were sold in Westminster; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% 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 4 Days Ago

Newest Listings in Westminster, CO

Nearby Markets to Westminster, CO

What housing markets are near Westminster, CO?