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

$510,083

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$83(0.0%)

Key Takeaway

The sold price of homes in Westminster has remained the same since last year.

Summary: The median home sold price in Westminster was $510,083 in November 2024, the same as last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $227K$239.5K
+5.5%
2 $400K$403K
+0.8%
3 $485.5K$490K
+0.9%
4 $600K$560K
-6.7%
5+ $680K$600K
-11.8%

Summary: Westminster housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 11.8%.

Median Sold Price Compared To Nearby Cities

Westminster
+2.5%
West Adams
+1.2%
Arvada
+1.0%
Westminster
0.0%

Housing Supply in Westminster, CO

How many homes are available in Westminster, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
194192-1.0%

Summary: The Westminster real estate market had 192 homes for sale in November 2024, a 1.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 3943
+10.3%
3 6663
-4.5%
4 6258
-6.5%
5+ 2323
0.0%

Summary: The Westminster housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4047+17.5%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

13 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. 44.7% of homes here sold below asking price last month.

Summary: A total of 47 homes were sold or pending in Westminster in November 2024, up by 17.5% month-over-month. Of the 47 sold homes, 45% were sold under asking, 28% were sold at asking, and 28% 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
18 Days43 Days+135.0%

Summary: Homes in Westminster had an average of 43 days on market in Nov 2024, up by 135% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

6 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, 47 homes were sold in Westminster; 53% of homes were sold within 30 days, 34% 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 21 Days Ago

Newest Listings in Westminster, CO

Nearby Markets to Westminster, CO

What housing markets are near Westminster, CO?