Is Arapahoe County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Arapahoe County has remained a Seller's Market.
Housing Prices in Arapahoe County, CO
How much do homes in Arapahoe County, CO cost?
Median Sold Price
$522,857
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Arapahoe County was $522,857 in February 2024, down 1.4% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $235K | 0.0% |
2 Bedrooms | $360K | $346.1K | -3.8% |
3 Bedrooms | $520.1K | $502.3K | -3.4% |
4 Bedrooms | $625.4K | $620.4K | -0.8% |
5+ Bedrooms | $774K | $789.5K | +2.0% |
Summary: Arapahoe County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Counties
Jefferson County | $625.7K | $628.1K | 0.4% |
Arapahoe County | $530K | $522.8K | -1.4% |
Adams County | $511.3K | $503.8K | -1.4% |
Douglas County | $704.8K | $695K | -1.4% |
Denver County | $649.7K | $619.1K | -4.7% |
Housing Supply in Arapahoe County, CO
How many homes are available in Arapahoe County, CO?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2,511 | 2,992 | +19.2% |
Summary: The Arapahoe County real estate market had 2,992 homes for sale in February 2024, a 19.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 110 | 140 | +27.3% |
2 Bedrooms | 571 | 703 | +23.1% |
3 Bedrooms | 810 | 941 | +16.2% |
4 Bedrooms | 633 | 735 | +16.1% |
5+ Bedrooms | 387 | 473 | +22.2% |
Summary: The Arapahoe County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
557 | 734 | +31.8% |
Asking Price vs. Sold Price
290 Homes Were Sold
Under Asking
222 Homes Were Sold
At Asking
222 Homes Were Sold
Over Asking
Summary: A total of 734 homes were sold or pending in Arapahoe County in February 2024, up by 31.8% month-over-month. Of the 734 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Arapahoe County, CO
How long does it take to sell a home in Arapahoe County, CO?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 42 Days | -8.6% |
Summary: Homes in Arapahoe County had an average of 42 days on market in Feb 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
437 Homes Were Sold
Under 30 Days
162 Homes Were Sold
In 30 - 90 Days
135 Homes Were Sold
Over 90 Days
Summary: During February 2024, 734 homes were sold in Arapahoe County; 60% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.