Is Westridge, 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, Westridge has remained a Seller's Market.
Housing Prices in Westridge, CO
How much do homes in Westridge, CO cost?
Median Sold Price
$700,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Westridge was $700,000 in April 2024, down 2.8% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $318K | $326.2K | +2.6% |
2 Bedrooms | $535K | $547.5K | +2.3% |
3 Bedrooms | $635K | $640K | +0.8% |
4 Bedrooms | $722.5K | $725K | 0.3% |
5+ Bedrooms | $1.1M | $1.1M | +7.2% |
Summary: Westridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in Westridge, CO
How many homes are available in Westridge, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 114 | +62.9% |
Summary: The Westridge real estate market had 114 homes for sale in April 2024, a 62.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 16 | 25 | +56.3% |
4 Bedrooms | 22 | 36 | +63.6% |
5+ Bedrooms | 22 | 40 | +81.8% |
Summary: The Westridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 56.3%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes increased by 81.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 34 | +161.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Westridge in April 2024, up by 161.5% month-over-month. Of the 34 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 10 Days | -46.6% |
Summary: Homes in Westridge had an average of 10 days on market in Apr 2024, down by 46.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Westridge; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.