Is Arapahoe County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Arapahoe County has remained a Seller's Market.
Housing Prices in Arapahoe County, CO
How much do homes in Arapahoe County, CO cost?
Median Sold Price
$545,703
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arapahoe County was $545,703 in April 2024, down 0.5% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $236.5K | -1.5% |
2 Bedrooms | $367.2K | $355K | -3.3% |
3 Bedrooms | $529.9K | $513.4K | -3.1% |
4 Bedrooms | $633.4K | $644.7K | +1.8% |
5+ Bedrooms | $807.5K | $836.4K | +3.6% |
Summary: Arapahoe County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Counties
Jefferson County | $638.2K | $655.1K | +2.6% |
Adams County | $509.9K | $513.4K | +0.7% |
Arapahoe County | $548.6K | $545.7K | -0.5% |
Douglas County | $730K | $718.8K | -1.5% |
Denver County | $695.6K | $668.8K | -3.9% |
Housing Supply in Arapahoe County, CO
How many homes are available in Arapahoe County, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,754 | 2,521 | +43.7% |
Summary: The Arapahoe County real estate market had 2,521 homes for sale in April 2024, a 43.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 80 | 141 | +76.3% |
2 Bedrooms | 393 | 571 | +45.3% |
3 Bedrooms | 545 | 745 | +36.7% |
4 Bedrooms | 448 | 631 | +40.8% |
5+ Bedrooms | 288 | 433 | +50.3% |
Summary: The Arapahoe County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 76.3%, 2 bedroom homes increased by 45.3%, 3 bedroom homes increased by 36.7%, 4 bedroom homes increased by 40.8%, and 5+ bedroom homes increased by 50.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
274 | 613 | +123.7% |
Asking Price vs. Sold Price
219 Homes Were Sold
Under Asking
154 Homes Were Sold
At Asking
240 Homes Were Sold
Over Asking
Summary: A total of 613 homes were sold or pending in Arapahoe County in April 2024, up by 123.7% month-over-month. Of the 613 sold homes, 36% were sold under asking, 25% were sold at asking, and 39% were sold over asking.
Days on Market for Arapahoe County, CO
How long does it take to sell a home in Arapahoe County, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 26 Days | +31.1% |
Summary: Homes in Arapahoe County had an average of 26 days on market in Apr 2024, up by 31.1% compared to last year.
Breakdown of Home Sale Times
476 Homes Were Sold
Under 30 Days
93 Homes Were Sold
In 30 - 90 Days
44 Homes Were Sold
Over 90 Days
Summary: During April 2024, 613 homes were sold in Arapahoe County; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.