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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Highland is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, West Highland has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Highland, CO

How much do homes in West Highland, CO cost?

Median Sold Price

$917,500

$491/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$17,500(-1.9%)

Key Takeaway

Homes in West Highland have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in West Highland was $917,500 in November 2024, down 1.9% from last year, and the median price per square foot was $491.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $583.5K$467.9K
-19.8%
2 $700K$624.2K
-10.8%
3 $896K$902.5K
+0.7%
4 $1.1M$1.1M
-1.5%
5+ $1.5M$1.3M
-8.6%

Summary: West Highland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.8%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 8.6%.

Housing Supply in West Highland, CO

How many homes are available in West Highland, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6254-12.9%

Summary: The West Highland real estate market had 54 homes for sale in November 2024, a 12.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1010
0.0%
3 2723
-14.8%
4 1210
-16.7%
5+ 108
-20.0%

Summary: The West Highland 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 remained the same, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1219+58.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Highland, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in West Highland in November 2024, up by 58.3% month-over-month. Of the 19 sold homes, 58% were sold under asking, 32% were sold at asking, and 11% were sold over asking.

Days on Market for West Highland, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days52 Days+40.3%

Summary: Homes in West Highland had an average of 52 days on market in Nov 2024, up by 40.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Highland are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in West Highland; 58% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 26% 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 21 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 12/01/2022 - 12/01/2024

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Last updated on: 12/22/2024, 12:57:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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