$4,453 Closing Credit*
$375,000
1,027 SqFt
3 Beds
•2 Full Baths
The Creer Team, Listing Office: Keller Williams DTC
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
$391,000
$376/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
+$42,500(+12.2%)
Key Takeaway
Homes in Westwood have sold for 12.2% more than they did a month ago.
Summary: The median home sold price in Westwood was $391,000 in September 2024, up 12.2% from last month, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | - | N/A |
| 2 Bedrooms | $331.7K | $356.5K | +7.5% |
| 3 Bedrooms | $328K | $420K | +28.0% |
| 4 Bedrooms | - | $468.5K | N/A |
| 5+ Bedrooms | $550K | $445K | -19.1% |
Summary: Westwood housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 28%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 19.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Westlawn | $289K | $495K | +71.3% |
| Belmont Park | $262K | $432.5K | +65.1% |
| Westwood | $348.5K | $391K | +12.2% |
Housing Supply in Westwood, CO
How many homes are available in Westwood, CO?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 55 | 58 | +5.5% |
Summary: The Westwood real estate market had 58 homes for sale in September 2024, a 5.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Westwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Westwood in September 2024, down by 28.6% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% 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
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 35 Days | +43.7% |
Summary: Homes in Westwood had an average of 35 days on market in Sep 2024, up by 43.7% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 September 2024, 10 homes were sold in Westwood; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 
The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.