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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Arapahoe is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in East Arapahoe, CO

How much do homes in East Arapahoe, CO cost?

Median Sold Price

$599,000

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$26,000(-4.2%)

Key Takeaway

Homes in East Arapahoe have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in East Arapahoe was $599,000 in March 2024, down 4.2% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$254.5K
N/A
2 $431.1K$425K
-1.4%
3 $566.3K$525K
-7.3%
4 $658.9K$654.8K
-0.6%
5+ $790K$775K
-1.9%

Summary: East Arapahoe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

Strasburg
+7.0%
Byers
-1.8%
East Adams
-2.4%
Bennett
-3.4%
East Arapahoe
-4.2%

Housing Supply in East Arapahoe, CO

How many homes are available in East Arapahoe, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
461522+13.2%

Summary: The East Arapahoe real estate market had 522 homes for sale in March 2024, a 13.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 3439
+14.7%
3 189204
+7.9%
4 146178
+21.9%
5+ 9098
+8.9%

Summary: The East Arapahoe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 8.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
106137+29.2%

Asking Price vs. Sold Price

65 Homes Were Sold
Under Asking

53 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Arapahoe, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 137 homes were sold or pending in East Arapahoe in March 2024, up by 29.2% month-over-month. Of the 137 sold homes, 47% were sold under asking, 39% were sold at asking, and 14% were sold over asking.

Days on Market for East Arapahoe, CO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
63 Days61 Days-3.3%

Summary: Homes in East Arapahoe had an average of 61 days on market in Mar 2024, down by 3.3% compared to last year.

Breakdown of Home Sale Times

70 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

39 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 137 homes were sold in East Arapahoe; 51% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 28% 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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