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 March 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

$621,268

$314/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,893(+1.8%)

Key Takeaway

Homes in Arvada have sold for 1.8% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $333K$315K
-5.4%
2 $425K$429.1K
+1.0%
3 $598.9K$580.4K
-3.1%
4 $659.8K$676.8K
+2.6%
5+ $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
+1.8%
Northeast Jefferson
+0.8%
Westminster
-1.2%
Westminster
-1.9%
Wheat Ridge
-4.3%

Housing Supply in Arvada, CO

How many homes are available in Arvada, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
658784+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

# BEDSFeb 2024Mar 2024CHANGE
1 1417
+21.4%
2 111135
+21.6%
3 222253
+14.0%
4 188246
+30.9%
5+ 123133
+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 2024Mar 2024CHANGE
185246+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arvada, you could pay more than the asking price. 44.3% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
33 Days35 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 18 Days Ago

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