Is Southwest Arapahoe, 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, Southwest Arapahoe has remained a Seller's Market.
Housing Prices in Southwest Arapahoe, CO
How much do homes in Southwest Arapahoe, CO cost?
Median Sold Price
$697,428
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwest Arapahoe was $697,428 in April 2024, up 5.3% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $302.5K | -5.5% |
2 Bedrooms | $438.4K | $445K | +1.5% |
3 Bedrooms | $587.5K | $583.3K | -0.7% |
4 Bedrooms | $749.7K | $783.7K | +4.5% |
5+ Bedrooms | $1.1M | $1.1M | -1.8% |
Summary: Southwest Arapahoe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
Greenwood Village | $1.4M | $1.6M | +15.4% |
Southwest Arapahoe | $662K | $697.4K | +5.3% |
Englewood | $623.7K | $640K | +2.6% |
Littleton | $636.4K | $652.4K | +2.5% |
Cherry Hills Village | $3.3M | $3.3M | +0.8% |
Housing Supply in Southwest Arapahoe, CO
How many homes are available in Southwest Arapahoe, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
508 | 720 | +41.7% |
Summary: The Southwest Arapahoe real estate market had 720 homes for sale in April 2024, a 41.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 31 | +55.0% |
2 Bedrooms | 89 | 132 | +48.3% |
3 Bedrooms | 141 | 190 | +34.8% |
4 Bedrooms | 133 | 189 | +42.1% |
5+ Bedrooms | 125 | 178 | +42.4% |
Summary: The Southwest Arapahoe housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 55%, 2 bedroom homes increased by 48.3%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes increased by 42.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 216 | +98.2% |
Asking Price vs. Sold Price
81 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
96 Homes Were Sold
Over Asking
Summary: A total of 216 homes were sold or pending in Southwest Arapahoe in April 2024, up by 98.2% month-over-month. Of the 216 sold homes, 38% were sold under asking, 18% were sold at asking, and 44% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 17 Days | -13.3% |
Summary: Homes in Southwest Arapahoe had an average of 17 days on market in Apr 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
179 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 216 homes were sold in Southwest Arapahoe; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.