Is West Colfax, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Colfax is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, West Colfax has remained a Seller's Market.

Key Takeaway

West Colfax is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Colfax, CO

How much do homes in West Colfax, CO cost?

Median Sold Price

$744,000

$449/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$36,000(-4.6%)

Key Takeaway

Homes in West Colfax have sold for 4.6% less than they did a month ago.

Summary: The median home sold price in West Colfax was $744,000 in November 2024, down 4.6% from last month, and the median price per square foot was $449.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$715K
N/A
2 $530K$712.5K
+34.4%
3 $850K$810.5K
-4.6%
4 $1.1M$825K
-29.2%
5+ $880K-
N/A

Summary: West Colfax housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.4%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 29.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Villa Park / Vicca Park
+10.3%
West Villa Park
+2.1%
Pierson's
-3.7%
West Colfax
-4.6%

Housing Supply in West Colfax, CO

How many homes are available in West Colfax, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8179-2.5%

Summary: The West Colfax real estate market had 79 homes for sale in November 2024, a 2.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 3127
-12.9%
3 3132
+3.2%
4 1414
0.0%
5+ 45
+25.0%

Summary: The West Colfax housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1518+20.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Colfax, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in West Colfax in November 2024, up by 20.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.

Days on Market for West Colfax, CO

How long does it take to sell a home in West Colfax, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
28 Days72 Days+157.5%

Summary: Homes in West Colfax had an average of 72 days on market in Nov 2024, up by 157.5% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in West Colfax are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 18 homes were sold in West Colfax; 28% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 39% 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 17 Days Ago

Newest Listings in West Colfax, CO

Nearby Markets to West Colfax, CO