$9,480 Closing Credit*
$798,280
2,272 SqFt
Tom Ullrich, Listing Office: RE/MAX Professionals
Is Arvada, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Arvada has remained a Seller's Market.
Key Takeaway
Arvada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arvada, CO
How much do homes in Arvada, CO cost?
Median Sold Price
$621,146
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,212(+1.0%)
Key Takeaway
Homes in Arvada have sold for 1% more than they did a year ago.
Summary: The median home sold price in Arvada was $621,146 in November 2024, up 1% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $322K | -6.7% |
| 2 Bedrooms | $415K | $429.9K | +3.6% |
| 3 Bedrooms | $580K | $585K | +0.9% |
| 4 Bedrooms | $650K | $690K | +6.2% |
| 5+ Bedrooms | $777.5K | $777.5K | 0.0% |
Summary: Arvada housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Westminster | $525.9K | $539.1K | +2.5% |
| Northeast Jefferson | $600.7K | $609.4K | +1.5% |
| Arvada | $614.9K | $621.1K | +1.0% |
| Westminster | $510K | $510K | 0.0% |
| Wheat Ridge | $675K | $628K | -7.0% |
Housing Supply in Arvada, CO
How many homes are available in Arvada, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 694 | 624 | -10.1% |
Summary: The Arvada real estate market had 624 homes for sale in November 2024, a 10.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 12 | -7.7% |
| 2 Bedrooms | 135 | 129 | -4.4% |
| 3 Bedrooms | 211 | 184 | -12.8% |
| 4 Bedrooms | 207 | 176 | -15.0% |
| 5+ Bedrooms | 128 | 123 | -3.9% |
Summary: The Arvada housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 3.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 170 | 150 | -11.8% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arvada, you may be able to get a good deal. 44% of homes here sold below asking price last month.
Summary: A total of 150 homes were sold or pending in Arvada in November 2024, down by 11.8% month-over-month. Of the 150 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% were sold over asking.
Days on Market for Arvada, CO
How long does it take to sell a home in Arvada, CO?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 34 Days | +80.0% |
Summary: Homes in Arvada had an average of 34 days on market in Nov 2024, up by 80% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arvada are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 150 homes were sold in Arvada; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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