Joanne Dunbar's Market Report

Westminster, CO 80234

Single-Family Homes

Chicago Title | 303-717-8514 | joanne.dunbar@ctt.com



Westminster, CO 80234

Mon Mar 25 2019
This week the median list price for Westminster, CO 80234 is $554,500 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has held steady at or around 18. Click here to stay informed with the Westminster market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Westminster, CO 80234

Mon Mar 25 2019
This week the median list price for Westminster, CO 80234 is $554,500 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has held steady at or around 18. Click here to stay informed with the Westminster market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Westminster market.
Median List Price $554,500
Per Square Foot $168
Days on Market 38
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 18
Median House Rent
Most Expensive $998,500
Least Expensive $365,950
Market Action Index
Strong Seller's Market
60

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$822,000 4,703 0.25 - 0.5 acre 4 3 25 2 2 57
$577,475 3,915 6,500 - 8,000 sqft 4 2 0 2 2 28
$549,900 3,038 6,500 - 8,000 sqft 4 2 21 0 1 53
$415,000 2,689 4,500 - 6,500 sqft 3 2 22 2 1 15