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 August 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

$507,500

$275/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$12,500(-2.4%)

Key Takeaway

Homes in Westminster have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Westminster was $507,500 in August 2024, down 2.4% from last year, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $240.7K$235K
-2.4%
2 $392K$410K
+4.6%
3 $515K$485K
-5.8%
4 $562.5K$577.5K
+2.7%
5+ $666K$610K
-8.4%

Summary: Westminster housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Cities

Arvada
+4.0%
West Adams
0.1%
Westminster
-0.1%
Westminster
-2.4%

Housing Supply in Westminster, CO

How many homes are available in Westminster, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
187206+10.2%

Summary: The Westminster real estate market had 206 homes for sale in August 2024, a 10.2% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 66
0.0%
2 3440
+17.6%
3 6173
+19.7%
4 5455
+1.9%
5+ 3232
0.0%

Summary: The Westminster housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
5345-15.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

14 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. 37.8% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in Westminster in August 2024, down by 15.1% month-over-month. Of the 45 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% 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

Aug 2023Aug 2024CHANGE
17 Days23 Days+31.9%

Summary: Homes in Westminster had an average of 23 days on market in Aug 2024, up by 31.9% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 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 August 2024, 45 homes were sold in Westminster; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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

Newest Listings in Westminster, CO

Nearby Markets to Westminster, CO

What housing markets are near Westminster, CO?