Is Arvada, 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, Arvada has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $333K | $327.5K | -1.7% |
2 Bedrooms | $425K | $425.6K | 0.1% |
3 Bedrooms | $600.1K | $580K | -3.4% |
4 Bedrooms | $674.8K | $665K | -1.5% |
5+ Bedrooms | $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 | $603.6K | $600K | -0.6% |
Arvada | $622.5K | $615K | -1.2% |
Westminster | $538.4K | $525K | -2.5% |
Westminster | $520K | $505K | -2.9% |
Wheat Ridge | $668.8K | $632.8K | -5.4% |
Housing Supply in Arvada, CO
How many homes are available in Arvada, CO?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
518 | 668 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 11 | +175.0% |
2 Bedrooms | 97 | 118 | +21.6% |
3 Bedrooms | 176 | 230 | +30.7% |
4 Bedrooms | 138 | 188 | +36.2% |
5+ Bedrooms | 103 | 121 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
111 | 173 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
48 Days | 36 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
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.