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 May 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

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$4,500(+0.9%)

Key Takeaway

Homes in West Adams have sold for 0.9% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $227K$228K
0.4%
2 $375K$382K
+1.9%
3 $484.9K$480K
-1.0%
4 $555K$544.6K
-1.9%
5+ $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
+2.1%
Westminster
+1.1%
West Adams
+0.9%
Thornton
0.1%

Housing Supply in West Adams, CO

How many homes are available in West Adams, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8961,109+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

# BEDSApr 2024May 2024CHANGE
1 1925
+31.6%
2 172211
+22.7%
3 323400
+23.8%
4 261332
+27.2%
5+ 121141
+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 2024May 2024CHANGE
242295+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Adams, you could pay more than the asking price. 39.7% of homes here sold above asking price last month.

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 2023May 2024CHANGE
12 Days23 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

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 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.

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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