Is Southwest Arapahoe, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$649,394
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Southwest Arapahoe have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Southwest Arapahoe was $649,394 in November 2023, up 1.5% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $310K | +10.7% |
| 2 Bedrooms | $440K | $430K | -2.3% |
| 3 Bedrooms | $581.6K | $578.6K | -0.5% |
| 4 Bedrooms | $734.8K | $739.3K | +0.6% |
| 5+ Bedrooms | $1.0M | $1.0M | +9.9% |
Summary: Southwest Arapahoe housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Greenwood Village | $1.4M | $1.5M | +10.5% |
| Cherry Hills Village | $3.2M | $3.3M | +3.1% |
| Southwest Arapahoe | $640K | $649.3K | +1.5% |
| Englewood | $603.2K | $587.9K | -2.5% |
| Littleton | $650K | $625.4K | -3.8% |
Housing Supply in Southwest Arapahoe, CO
How many homes are available in Southwest Arapahoe, CO?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 936 | 883 | -5.7% |
Summary: The Southwest Arapahoe real estate market had 883 homes for sale in November 2023, a 5.7% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 24 | -27.3% |
| 2 Bedrooms | 145 | 149 | +2.8% |
| 3 Bedrooms | 232 | 231 | -0.4% |
| 4 Bedrooms | 295 | 276 | -6.4% |
| 5+ Bedrooms | 231 | 203 | -12.1% |
Summary: The Southwest Arapahoe housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 12.1%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 251 | 198 | -21.1% |
Asking Price vs. Sold Price
100 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Arapahoe, you may be able to get a good deal. 50.5% of homes here sold below asking price last month.
Summary: A total of 198 homes were sold or pending in Southwest Arapahoe in November 2023, down by 21.1% month-over-month. Of the 198 sold homes, 51% were sold under asking, 24% were sold at asking, and 25% 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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 27 Days | 30 Days | +13.6% |
Summary: Homes in Southwest Arapahoe had an average of 30 days on market in Nov 2023, up by 13.6% compared to last year.
Breakdown of Home Sale Times
119 Homes Were Sold
Under 30 Days
67 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Arapahoe are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 198 homes were sold in Southwest Arapahoe; 60% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
©2023 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 
The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.