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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Arapahoe is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in East Arapahoe, CO

How much do homes in East Arapahoe, CO cost?

Median Sold Price

$611,666

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$18,333(-2.9%)

Key Takeaway

Homes in East Arapahoe have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in East Arapahoe was $611,666 in April 2024, down 2.9% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $445K$407K
-8.5%
3 $565.5K$535K
-5.4%
4 $660K$670K
+1.5%
5+ $789.9K$808.5K
+2.3%

Summary: East Arapahoe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.5%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Bennett
+16.5%
East Adams
+8.2%
East Arapahoe
-2.9%

Housing Supply in East Arapahoe, CO

How many homes are available in East Arapahoe, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
283385+36.0%

Summary: The East Arapahoe real estate market had 385 homes for sale in April 2024, a 36.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2534
+36.0%
3 108147
+36.1%
4 94123
+30.9%
5+ 5580
+45.5%

Summary: The East Arapahoe housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36%, 3 bedroom homes increased by 36.1%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes increased by 45.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2492+283.3%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Arapahoe, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.

Summary: A total of 92 homes were sold or pending in East Arapahoe in April 2024, up by 283.3% month-over-month. Of the 92 sold homes, 46% were sold under asking, 30% were sold at asking, and 24% were sold over asking.

Days on Market for East Arapahoe, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days53 Days+65.1%

Summary: Homes in East Arapahoe had an average of 53 days on market in Apr 2024, up by 65.1% compared to last year.

Breakdown of Home Sale Times

54 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 92 homes were sold in East Arapahoe; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% 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 16 Days Ago

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