Is Westminster, 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, Westminster has remained a Seller's Market.
Housing Prices in Westminster, CO
How much do homes in Westminster, CO cost?
Median Sold Price
$540,500
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Westminster was $540,500 in May 2024, up 1.2% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $253.5K | $255K | +0.6% |
2 Bedrooms | $383K | $395K | +3.1% |
3 Bedrooms | $530K | $525K | -0.9% |
4 Bedrooms | $595K | $610K | +2.5% |
5+ Bedrooms | $695K | $715K | +2.9% |
Summary: Westminster housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
Broomfield | $612.2K | $625K | +2.1% |
Westminster | $534K | $540.5K | +1.2% |
Westminster | $512.5K | $518.2K | +1.1% |
West Adams | $495.5K | $500K | +0.9% |
Housing Supply in Westminster, CO
How many homes are available in Westminster, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
382 | 489 | +28.0% |
Summary: The Westminster real estate market had 489 homes for sale in May 2024, a 28.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 16 | +23.1% |
2 Bedrooms | 88 | 114 | +29.5% |
3 Bedrooms | 125 | 162 | +29.6% |
4 Bedrooms | 97 | 122 | +25.8% |
5+ Bedrooms | 59 | 75 | +27.1% |
Summary: The Westminster housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 29.5%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 27.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
96 | 125 | +30.2% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 125 homes were sold or pending in Westminster in May 2024, up by 30.2% month-over-month. Of the 125 sold homes, 42% were sold under asking, 24% were sold at asking, and 34% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 21 Days | +57.7% |
Summary: Homes in Westminster had an average of 21 days on market in May 2024, up by 57.7% compared to last year.
Breakdown of Home Sale Times
98 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 125 homes were sold in Westminster; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.