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 May 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

$685,913

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$26,280(+4.0%)

Key Takeaway

Homes in Southwest Arapahoe have sold for 4% more than they did a year ago.

Summary: The median home sold price in Southwest Arapahoe was $685,913 in May 2024, up 4% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $335K$302.5K
-9.7%
2 $440K$443.7K
+0.9%
3 $575K$587.6K
+2.2%
4 $756.4K$780.5K
+3.2%
5+ $1.2M$1.1M
-5.9%

Summary: Southwest Arapahoe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Cities

Greenwood Village
+6.5%
Englewood
+4.4%
Southwest Arapahoe
+4.0%
Littleton
+3.2%
Cherry Hills Village
0.5%

Housing Supply in Southwest Arapahoe, CO

How many homes are available in Southwest Arapahoe, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
757947+25.1%

Summary: The Southwest Arapahoe real estate market had 947 homes for sale in May 2024, a 25.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 3337
+12.1%
2 140177
+26.4%
3 203254
+25.1%
4 198257
+29.8%
5+ 183222
+21.3%

Summary: The Southwest Arapahoe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 25.1%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 21.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
224240+7.1%

Asking Price vs. Sold Price

111 Homes Were Sold
Under Asking

48 Homes Were Sold
At Asking

81 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Arapahoe, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.

Summary: A total of 240 homes were sold or pending in Southwest Arapahoe in May 2024, up by 7.1% month-over-month. Of the 240 sold homes, 46% were sold under asking, 20% were sold at asking, and 34% 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

May 2023May 2024CHANGE
15 Days21 Days+39.5%

Summary: Homes in Southwest Arapahoe had an average of 21 days on market in May 2024, up by 39.5% compared to last year.

Breakdown of Home Sale Times

189 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

12 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 May 2024, 240 homes were sold in Southwest Arapahoe; 79% of homes were sold within 30 days, 16% 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 1 Day Ago

Newest Listings in Southwest Arapahoe, CO

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