Is Arvada, 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, Arvada has remained a Seller's Market.
Housing Prices in Arvada, CO
How much do homes in Arvada, CO cost?
Median Sold Price
$643,524
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arvada was $643,524 in April 2024, up 4.2% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $342.5K | $355K | +3.6% |
2 Bedrooms | $420.5K | $433.5K | +3.1% |
3 Bedrooms | $590K | $587.5K | -0.4% |
4 Bedrooms | $673.3K | $682.2K | +1.3% |
5+ Bedrooms | $780K | $775K | -0.6% |
Summary: Arvada housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Arvada | $617.5K | $643.5K | +4.2% |
Northeast Jefferson | $609.6K | $624.9K | +2.5% |
Westminster | $539.6K | $543.8K | +0.8% |
Westminster | $523.5K | $523.8K | 0.1% |
Wheat Ridge | $678.5K | $668.7K | -1.4% |
Housing Supply in Arvada, CO
How many homes are available in Arvada, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
380 | 535 | +40.8% |
Summary: The Arvada real estate market had 535 homes for sale in April 2024, a 40.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 66 | 97 | +47.0% |
3 Bedrooms | 115 | 155 | +34.8% |
4 Bedrooms | 126 | 176 | +39.7% |
5+ Bedrooms | 66 | 99 | +50.0% |
Summary: The Arvada housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 47%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 39.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
79 | 176 | +122.8% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
79 Homes Were Sold
Over Asking
Summary: A total of 176 homes were sold or pending in Arvada in April 2024, up by 122.8% month-over-month. Of the 176 sold homes, 36% were sold under asking, 19% were sold at asking, and 45% were sold over asking.
Days on Market for Arvada, CO
How long does it take to sell a home in Arvada, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 21 Days | +54.2% |
Summary: Homes in Arvada had an average of 21 days on market in Apr 2024, up by 54.2% compared to last year.
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 176 homes were sold in Arvada; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.