Is West Adams, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Adams was $500,000 in May 2024, up 0.9% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227K | $228K | 0.4% |
2 Bedrooms | $375K | $382K | +1.9% |
3 Bedrooms | $484.9K | $480K | -1.0% |
4 Bedrooms | $555K | $544.6K | -1.9% |
5+ Bedrooms | $632K | $620K | -1.9% |
Summary: West Adams housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
Northglenn | $479.9K | $490K | +2.1% |
Westminster | $512.5K | $518.2K | +1.1% |
West Adams | $495.5K | $500K | +0.9% |
Thornton | $529.5K | $530.2K | 0.1% |
Housing Supply in West Adams, CO
How many homes are available in West Adams, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
896 | 1,109 | +23.8% |
Summary: The West Adams real estate market had 1,109 homes for sale in May 2024, a 23.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 25 | +31.6% |
2 Bedrooms | 172 | 211 | +22.7% |
3 Bedrooms | 323 | 400 | +23.8% |
4 Bedrooms | 261 | 332 | +27.2% |
5+ Bedrooms | 121 | 141 | +16.5% |
Summary: The West Adams housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.6%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes increased by 16.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
242 | 295 | +21.9% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
83 Homes Were Sold
At Asking
117 Homes Were Sold
Over Asking
Summary: A total of 295 homes were sold or pending in West Adams in May 2024, up by 21.9% month-over-month. Of the 295 sold homes, 32% were sold under asking, 28% were sold at asking, and 40% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 23 Days | +82.2% |
Summary: Homes in West Adams had an average of 23 days on market in May 2024, up by 82.2% compared to last year.
Breakdown of Home Sale Times
223 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During May 2024, 295 homes were sold in West Adams; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.