Is Northwest 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, Northwest Arvada has remained a Seller's Market.
Key Takeaway
Northwest Arvada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Arvada, CO
How much do homes in Northwest Arvada, CO cost?
Median Sold Price
$592,400
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northwest Arvada have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Northwest Arvada was $592,400 in March 2024, down 7.4% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | - | N/A |
| 2 Bedrooms | $455K | $450K | -1.1% |
| 3 Bedrooms | $600K | $568.5K | -5.3% |
| 4 Bedrooms | $661K | $635K | -3.9% |
| 5+ Bedrooms | $710K | $695K | -2.1% |
Summary: Northwest Arvada 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 1.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in Northwest Arvada, CO
How many homes are available in Northwest Arvada, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 36 | +5.9% |
Summary: The Northwest Arvada real estate market had 36 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Northwest Arvada housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Arvada, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Northwest Arvada in March 2024, down by 21.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for Northwest Arvada, CO
How long does it take to sell a home in Northwest Arvada, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 69 Days | +601.4% |
Summary: Homes in Northwest Arvada had an average of 69 days on market in Mar 2024, up by 601.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Arvada are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Northwest Arvada; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 