Is Southwest Arapahoe, 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, 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
$685,913
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $302.5K | -9.7% |
2 Bedrooms | $440K | $443.7K | +0.9% |
3 Bedrooms | $575K | $587.6K | +2.2% |
4 Bedrooms | $756.4K | $780.5K | +3.2% |
5+ Bedrooms | $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 | $1.4M | $1.5M | +6.5% |
Englewood | $610K | $636.6K | +4.4% |
Southwest Arapahoe | $659.6K | $685.9K | +4.0% |
Littleton | $630K | $650K | +3.2% |
Cherry Hills Village | $3.2M | $3.2M | 0.5% |
Housing Supply in Southwest Arapahoe, CO
How many homes are available in Southwest Arapahoe, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
757 | 947 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 33 | 37 | +12.1% |
2 Bedrooms | 140 | 177 | +26.4% |
3 Bedrooms | 203 | 254 | +25.1% |
4 Bedrooms | 198 | 257 | +29.8% |
5+ Bedrooms | 183 | 222 | +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 2024 | May 2024 | CHANGE |
---|---|---|
224 | 240 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 21 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
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.