Is Arvada, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$621,268
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Arvada was $621,268 in March 2024, up 1.8% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $333K | $315K | -5.4% |
2 Bedrooms | $425K | $429.1K | +1.0% |
3 Bedrooms | $598.9K | $580.4K | -3.1% |
4 Bedrooms | $659.8K | $676.8K | +2.6% |
5+ Bedrooms | $767K | $775K | +1.0% |
Summary: Arvada housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Arvada | $610.3K | $621.2K | +1.8% |
Northeast Jefferson | $599.9K | $604.8K | +0.8% |
Westminster | $531.3K | $525K | -1.2% |
Westminster | $514.7K | $505K | -1.9% |
Wheat Ridge | $658.2K | $630K | -4.3% |
Housing Supply in Arvada, CO
How many homes are available in Arvada, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
658 | 784 | +19.1% |
Summary: The Arvada real estate market had 784 homes for sale in March 2024, a 19.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 17 | +21.4% |
2 Bedrooms | 111 | 135 | +21.6% |
3 Bedrooms | 222 | 253 | +14.0% |
4 Bedrooms | 188 | 246 | +30.9% |
5+ Bedrooms | 123 | 133 | +8.1% |
Summary: The Arvada housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
185 | 246 | +33.0% |
Asking Price vs. Sold Price
94 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
109 Homes Were Sold
Over Asking
Summary: A total of 246 homes were sold or pending in Arvada in March 2024, up by 33.0% month-over-month. Of the 246 sold homes, 38% were sold under asking, 17% were sold at asking, and 44% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 35 Days | +6.0% |
Summary: Homes in Arvada had an average of 35 days on market in Mar 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
179 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During March 2024, 246 homes were sold in Arvada; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.