Is Olde Town 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, Olde Town Arvada has remained a Seller's Market.
Key Takeaway
Olde Town Arvada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olde Town Arvada, CO
How much do homes in Olde Town Arvada, CO cost?
Median Sold Price
$540,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Olde Town Arvada have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Olde Town Arvada was $540,000 in March 2024, up 1.4% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $400K | +9.6% |
| 2 Bedrooms | $497.5K | $485.1K | -2.5% |
| 3 Bedrooms | $628.9K | $570K | -9.4% |
| 4 Bedrooms | $637K | $818K | +28.4% |
| 5+ Bedrooms | $785K | $680K | -13.4% |
Summary: Olde Town Arvada housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 28.4%, and 5+ bedroom homes decreased by 13.4%.
Housing Supply in Olde Town Arvada, CO
How many homes are available in Olde Town Arvada, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The Olde Town Arvada real estate market had 36 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Olde Town Arvada housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 12 | +200.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olde Town Arvada, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Olde Town Arvada in March 2024, up by 200.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for Olde Town Arvada, CO
How long does it take to sell a home in Olde Town Arvada, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 111 Days | +70.3% |
Summary: Homes in Olde Town Arvada had an average of 111 days on market in Mar 2024, up by 70.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olde Town Arvada are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Olde Town Arvada; 42% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
©2024 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 