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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arapahoe County is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

-$99(0%)

Key Takeaway

The sold price of homes in Arapahoe County has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $240K$240K
0.0%
2 $363.1K$354.9K
-2.2%
3 $524.8K$515K
-1.9%
4 $625.6K$638.9K
+2.1%
5+ $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
+3.3%
Adams County
+1.8%
Arapahoe County
0%
Douglas County
-1.1%
Denver County
-3.6%

Housing Supply in Arapahoe County, CO

How many homes are available in Arapahoe County, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2,6493,231+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

# BEDSApr 2024May 2024CHANGE
1 143153
+7.0%
2 600755
+25.8%
3 782949
+21.4%
4 672822
+22.3%
5+ 452552
+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 2024May 2024CHANGE
633770+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arapahoe County, you may be able to get a good deal. 40.8% of homes here sold below asking price last month.

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 2023May 2024CHANGE
16 Days24 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 1 Day Ago

Newest Listings in Arapahoe County, CO

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