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 April 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

$543,814

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$4,180(+0.8%)

Key Takeaway

Homes in Westminster have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Westminster was $543,814 in April 2024, up 0.8% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $262.5K$235K
-10.5%
2 $385K$400K
+3.9%
3 $530K$527.6K
-0.4%
4 $602.5K$637.5K
+5.8%
5+ $698.7K$715K
+2.3%

Summary: Westminster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Westminster
+0.8%
Broomfield
+0.8%
Westminster
0.1%
West Adams
0.0%

Housing Supply in Westminster, CO

How many homes are available in Westminster, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
246371+50.8%

Summary: The Westminster real estate market had 371 homes for sale in April 2024, a 50.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 812
+50.0%
2 6187
+42.6%
3 78119
+52.6%
4 6495
+48.4%
5+ 3558
+65.7%

Summary: The Westminster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 42.6%, 3 bedroom homes increased by 52.6%, 4 bedroom homes increased by 48.4%, and 5+ bedroom homes increased by 65.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5293+78.8%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

38 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westminster, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.

Summary: A total of 93 homes were sold or pending in Westminster in April 2024, up by 78.8% month-over-month. Of the 93 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% 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

Apr 2023Apr 2024CHANGE
18 Days18 Days+5.4%

Summary: Homes in Westminster had an average of 18 days on market in Apr 2024, up by 5.4% compared to last year.

Breakdown of Home Sale Times

78 Homes Were Sold
Under 30 Days

11 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 April 2024, 93 homes were sold in Westminster; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% 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 10 Days Ago

Newest Listings in Westminster, CO

Nearby Markets to Westminster, CO

What housing markets are near Westminster, CO?