Is Westminster, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westminster is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Westminster, CO

How much do homes in Westminster, CO cost?

Median Sold Price

$539,190

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,230(+2.5%)

Key Takeaway

Homes in Westminster have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Westminster was $539,190 in November 2024, up 2.5% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $227K$249K
+9.7%
2 $385K$384.3K
-0.2%
3 $512.5K$522.3K
+1.9%
4 $625K$599.8K
-4.0%
5+ $717.5K$674K
-6.1%

Summary: Westminster housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 6.1%.

Median Sold Price Compared To Nearby Cities

Westminster
+2.5%
West Adams
+1.2%
Westminster
0.0%
Broomfield
-2.3%

Housing Supply in Westminster, CO

How many homes are available in Westminster, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
452417-7.7%

Summary: The Westminster real estate market had 417 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 78
+14.3%
2 10098
-2.0%
3 155144
-7.1%
4 130115
-11.5%
5+ 6052
-13.3%

Summary: The Westminster housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110105-4.5%

Asking Price vs. Sold Price

46 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westminster, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 105 homes were sold or pending in Westminster in November 2024, down by 4.5% month-over-month. Of the 105 sold homes, 44% were sold under asking, 30% were sold at asking, and 26% 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

Nov 2023Nov 2024CHANGE
20 Days41 Days+98.7%

Summary: Homes in Westminster had an average of 41 days on market in Nov 2024, up by 98.7% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 105 homes were sold in Westminster; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% 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 Westminster, CO

Nearby Markets to Westminster, CO

What housing markets are near Westminster, CO?