Is Westridge Village, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westridge Village is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Westridge Village has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Westridge Village, CO

How much do homes in Westridge Village, CO cost?

Median Sold Price

$870,000

$247/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$18,000(-2.0%)

Key Takeaway

Homes in Westridge Village have sold for 2% less than they did a month ago.

Summary: The median home sold price in Westridge Village was $870,000 in October 2024, down 2% from last month, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $637K-
N/A
4 $911K$925K
+1.5%
5+ $890K$805K
-9.6%

Summary: Westridge Village housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 9.6%.

Housing Supply in Westridge Village, CO

How many homes are available in Westridge Village, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2327+17.4%

Summary: The Westridge Village real estate market had 27 homes for sale in October 2024, a 17.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 812
+50.0%
4 35
+66.7%
5+ 1210
-16.7%

Summary: The Westridge Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westridge Village, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Westridge Village in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Westridge Village, CO

How long does it take to sell a home in Westridge Village, CO?

Average Sale Time

Sep 2024Oct 2024CHANGE
31 Days66 Days+111.3%

Summary: Homes in Westridge Village had an average of 66 days on market in Oct 2024, up by 111.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Westridge Village has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Westridge Village; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 13 Days Ago

Newest Listings in Westridge Village, CO

Nearby Markets to Westridge Village, CO