$5,105 Closing Credit*
$429,900
724 SqFt
2 Beds
•1 Full Bath
Laurie Gallegos, Listing Office: Lauries Fine Properties
Is Westwood, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Westwood has remained a Seller's Market.
Key Takeaway
Westwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westwood, CO
How much do homes in Westwood, CO cost?
Median Sold Price
$475,000
$326/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$85,000(+21.8%)
Key Takeaway
Homes in Westwood have sold for 21.8% more than they did a month ago.
Summary: The median home sold price in Westwood was $475,000 in November 2024, up 21.8% from last month, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $365K | $355K | -2.7% |
| 3 Bedrooms | $407.5K | $450K | +10.4% |
| 4 Bedrooms | - | $521.5K | N/A |
| 5+ Bedrooms | $393.5K | $785K | +99.5% |
Summary: Westwood housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 99.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Belmont Park | $225K | $525K | +133.3% |
| Westwood | $390K | $475K | +21.8% |
| Westlawn | $463.5K | $482.5K | +4.1% |
Housing Supply in Westwood, CO
How many homes are available in Westwood, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 47 | -14.5% |
Summary: The Westwood real estate market had 47 homes for sale in November 2024, a 14.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 11 | -26.7% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Westwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westwood, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Westwood in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Westwood, CO
How long does it take to sell a home in Westwood, CO?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 59 Days | +31.0% |
Summary: Homes in Westwood had an average of 59 days on market in Nov 2024, up by 31% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Westwood; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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