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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Arapahoe is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Southwest Arapahoe, CO

How much do homes in Southwest Arapahoe, CO cost?

Median Sold Price

$650,045

$326/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$33,676(-4.9%)

Key Takeaway

Homes in Southwest Arapahoe have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in Southwest Arapahoe was $650,045 in November 2024, down 4.9% from last year, and the median price per square foot was $326.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $310K$306.2K
-1.2%
2 $445K$433.3K
-2.6%
3 $580K$583.9K
+0.7%
4 $761.2K$737.2K
-3.2%
5+ $1.2M$1.0M
-14.0%

Summary: Southwest Arapahoe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 14%.

Median Sold Price Compared To Nearby Cities

Littleton
+0.7%
Southwest Arapahoe
-4.9%
Englewood
-6.5%
Cherry Hills Village
-10.3%
Greenwood Village
-25.7%

Housing Supply in Southwest Arapahoe, CO

How many homes are available in Southwest Arapahoe, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
912835-8.4%

Summary: The Southwest Arapahoe real estate market had 835 homes for sale in November 2024, a 8.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3834
-10.5%
2 180187
+3.9%
3 230204
-11.3%
4 256227
-11.3%
5+ 208183
-12.0%

Summary: The Southwest Arapahoe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 12%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
207167-19.3%

Asking Price vs. Sold Price

91 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Arapahoe, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 167 homes were sold or pending in Southwest Arapahoe in November 2024, down by 19.3% month-over-month. Of the 167 sold homes, 54% were sold under asking, 24% were sold at asking, and 22% were sold over asking.

Days on Market for Southwest Arapahoe, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days41 Days+107.4%

Summary: Homes in Southwest Arapahoe had an average of 41 days on market in Nov 2024, up by 107.4% compared to last year.

Breakdown of Home Sale Times

87 Homes Were Sold
Under 30 Days

55 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 167 homes were sold in Southwest Arapahoe; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% 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 7 Days Ago

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