Is Arapahoe County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arapahoe County is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Arapahoe County has remained a Seller's Market.

Key Takeaway

Arapahoe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$7,194(-1.4%)

Key Takeaway

Homes in Arapahoe County have sold for 1.4% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $235K$235K
0.0%
2 $360K$346.1K
-3.8%
3 $520.1K$502.3K
-3.4%
4 $625.4K$620.4K
-0.8%
5+ $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
0.4%
Arapahoe County
-1.4%
Adams County
-1.4%
Douglas County
-1.4%
Denver County
-4.7%

Housing Supply in Arapahoe County, CO

How many homes are available in Arapahoe County, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2,5112,992+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

# BEDSJan 2024Feb 2024CHANGE
1 110140
+27.3%
2 571703
+23.1%
3 810941
+16.2%
4 633735
+16.1%
5+ 387473
+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 2024Feb 2024CHANGE
557734+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arapahoe County, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
46 Days42 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Arapahoe County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Arapahoe County, CO

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