Is Arvada, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arvada is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Arvada, CO

How much do homes in Arvada, CO cost?

Median Sold Price

$615,000

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$7,562(-1.2%)

Key Takeaway

Homes in Arvada have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Arvada was $615,000 in February 2024, down 1.2% from last year, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $333K$327.5K
-1.7%
2 $425K$425.6K
0.1%
3 $600.1K$580K
-3.4%
4 $674.8K$665K
-1.5%
5+ $766.3K$764.7K
-0.2%

Summary: Arvada housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 0.2%.

Median Sold Price Compared To Nearby Cities

Northeast Jefferson
-0.6%
Arvada
-1.2%
Westminster
-2.5%
Westminster
-2.9%
Wheat Ridge
-5.4%

Housing Supply in Arvada, CO

How many homes are available in Arvada, CO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
518668+29.0%

Summary: The Arvada real estate market had 668 homes for sale in February 2024, a 29.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 411
+175.0%
2 97118
+21.6%
3 176230
+30.7%
4 138188
+36.2%
5+ 103121
+17.5%

Summary: The Arvada housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 175%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 30.7%, 4 bedroom homes increased by 36.2%, and 5+ bedroom homes increased by 17.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
111173+55.9%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

48 Homes Were Sold
At Asking

70 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arvada, you could pay more than the asking price. 40.5% of homes here sold above asking price last month.

Summary: A total of 173 homes were sold or pending in Arvada in February 2024, up by 55.9% month-over-month. Of the 173 sold homes, 32% were sold under asking, 28% were sold at asking, and 40% were sold over asking.

Days on Market for Arvada, CO

How long does it take to sell a home in Arvada, CO?

Average Sale Time

Feb 2023Feb 2024CHANGE
48 Days36 Days-25.9%

Summary: Homes in Arvada had an average of 36 days on market in Feb 2024, down by 25.9% compared to last year.

Breakdown of Home Sale Times

112 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 173 homes were sold in Arvada; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% 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 28 Days Ago

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