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 October 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 October 2023

-$8,500(-1.6%)

Key Takeaway

Homes in Westminster have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Westminster was $507,500 in October 2024, down 1.6% from last year, and the median price per square foot was $275.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $227K$239.5K
+5.5%
2 $396K$400K
+1.0%
3 $499.9K$490K
-2.0%
4 $601.5K$560K
-6.9%
5+ $680K$593K
-12.8%

Summary: Westminster housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 12.8%.

Median Sold Price Compared To Nearby Cities

West Adams
+0.6%
Westminster
0.1%
Arvada
0.1%
Westminster
-1.6%

Housing Supply in Westminster, CO

How many homes are available in Westminster, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
176206+17.0%

Summary: The Westminster real estate market had 206 homes for sale in October 2024, a 17.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 64
-33.3%
2 3244
+37.5%
3 5968
+15.3%
4 5666
+17.9%
5+ 2324
+4.3%

Summary: The Westminster housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4638-17.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 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. 52.6% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Westminster in October 2024, down by 17.4% month-over-month. Of the 38 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% 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

Oct 2023Oct 2024CHANGE
12 Days38 Days+208.6%

Summary: Homes in Westminster had an average of 38 days on market in Oct 2024, up by 208.6% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

4 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 October 2024, 38 homes were sold in Westminster; 55% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 11% 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?