Is Arapahoe County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$542,627
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $240K | 0.0% |
2 Bedrooms | $363.1K | $354.9K | -2.2% |
3 Bedrooms | $524.8K | $515K | -1.9% |
4 Bedrooms | $625.6K | $638.9K | +2.1% |
5+ Bedrooms | $818.2K | $825K | +0.8% |
Summary: Arapahoe County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Counties
Jefferson County | $630.4K | $651K | +3.3% |
Adams County | $504.9K | $513.8K | +1.8% |
Arapahoe County | $542.7K | $542.6K | 0% |
Douglas County | $725.4K | $717.3K | -1.1% |
Denver County | $688.1K | $663.6K | -3.6% |
Housing Supply in Arapahoe County, CO
How many homes are available in Arapahoe County, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,649 | 3,231 | +22.0% |
Summary: The Arapahoe County real estate market had 3,231 homes for sale in May 2024, a 22.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 143 | 153 | +7.0% |
2 Bedrooms | 600 | 755 | +25.8% |
3 Bedrooms | 782 | 949 | +21.4% |
4 Bedrooms | 672 | 822 | +22.3% |
5+ Bedrooms | 452 | 552 | +22.1% |
Summary: The Arapahoe County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes increased by 22.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
633 | 770 | +21.6% |
Asking Price vs. Sold Price
314 Homes Were Sold
Under Asking
179 Homes Were Sold
At Asking
277 Homes Were Sold
Over Asking
Summary: A total of 770 homes were sold or pending in Arapahoe County in May 2024, up by 21.6% month-over-month. Of the 770 sold homes, 41% were sold under asking, 23% were sold at asking, and 36% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 24 Days | +47.3% |
Summary: Homes in Arapahoe County had an average of 24 days on market in May 2024, up by 47.3% compared to last year.
Breakdown of Home Sale Times
588 Homes Were Sold
Under 30 Days
134 Homes Were Sold
In 30 - 90 Days
48 Homes Were Sold
Over 90 Days
Summary: During May 2024, 770 homes were sold in Arapahoe County; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.