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 October 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

$492,655

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,910(+0.6%)

Key Takeaway

Homes in West Adams have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in West Adams was $492,655 in October 2024, up 0.6% from last year, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $220K$222K
+0.9%
2 $365K$374.9K
+2.7%
3 $475K$475K
0.0%
4 $545K$534.9K
-1.8%
5+ $630K$600K
-4.8%

Summary: West Adams housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 2.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Cities

Thornton
+3.4%
Northglenn
+2.5%
West Adams
+0.6%
Westminster
-1.6%

Housing Supply in West Adams, CO

How many homes are available in West Adams, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,0521,105+5.0%

Summary: The West Adams real estate market had 1,105 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1416
+14.3%
2 214242
+13.1%
3 401419
+4.5%
4 302306
+1.3%
5+ 121122
+0.8%

Summary: The West Adams housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 0.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
268249-7.1%

Asking Price vs. Sold Price

103 Homes Were Sold
Under Asking

72 Homes Were Sold
At Asking

74 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Adams, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.

Summary: A total of 249 homes were sold or pending in West Adams in October 2024, down by 7.1% month-over-month. Of the 249 sold homes, 41% were sold under asking, 29% were sold at asking, and 30% 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

Oct 2023Oct 2024CHANGE
19 Days37 Days+95.7%

Summary: Homes in West Adams had an average of 37 days on market in Oct 2024, up by 95.7% compared to last year.

Breakdown of Home Sale Times

135 Homes Were Sold
Under 30 Days

90 Homes Were Sold
In 30 - 90 Days

24 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 October 2024, 249 homes were sold in West Adams; 54% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 10% 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 20 Days Ago

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