First Integrity Title Market Report

Westminster, CO

Single-Family Homes

www.FirstIntegrityTitle.com | 888-636-0372



Westminster, CO

Thu Sep 21 2023
This week the median list price for Westminster, CO is $624,500 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has increased to 120. Click here to stay informed with the Westminster market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Westminster, CO

Thu Sep 21 2023
This week the median list price for Westminster, CO is $624,500 with the market action index hovering around 54. This is less than last month's market action index of 57. Inventory has increased to 120. Click here to stay informed with the Westminster market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Westminster market.
Median List Price $624,500
Median Price of New Listings $575,000
Per Square Foot $265
Average Days on Market 53
Median Days on Market 35
Price Decreased 53%
Price Increased 4%
Relisted 8%
Inventory 120
Median Rent
Market Action 54
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$914,949 3,832 0.25 - 0.5 acre 4 3.3 28 3 3 63
$675,000 2,816 6,500 - 8,000 sqft 4 3 37 7 2 42
$575,000 2,083 4,500 - 6,500 sqft 3 2.5 45 5 6 28
$490,000 1,532 6,500 - 8,000 sqft 3 2 48 10 6 17