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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Arapahoe is a seller's market

Buyer's
Market

Difference Since April 2023

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

$697,428

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$35,367(+5.3%)

Key Takeaway

Homes in Southwest Arapahoe have sold for 5.3% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $320K$302.5K
-5.5%
2 $438.4K$445K
+1.5%
3 $587.5K$583.3K
-0.7%
4 $749.7K$783.7K
+4.5%
5+ $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
+15.4%
Southwest Arapahoe
+5.3%
Englewood
+2.6%
Littleton
+2.5%
Cherry Hills Village
+0.8%

Housing Supply in Southwest Arapahoe, CO

How many homes are available in Southwest Arapahoe, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
508720+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

# BEDSMar 2024Apr 2024CHANGE
1 2031
+55.0%
2 89132
+48.3%
3 141190
+34.8%
4 133189
+42.1%
5+ 125178
+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 2024Apr 2024CHANGE
109216+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Arapahoe, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
19 Days17 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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