$7,838 Closing Credit*
$660,000
1,776 SqFt
4 Beds
•1 Full Bath, 1 Partial
Jose Nevarez, Listing Office: Megastar Realty
Is Arvada, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$620,266
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$707(+0.1%)
Key Takeaway
The sold price of homes in Arvada has remained the same since last year.
Summary: The median home sold price in Arvada was $620,266 in October 2024, up 0.1% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $322K | -6.7% |
| 2 Bedrooms | $415K | $425K | +2.4% |
| 3 Bedrooms | $578.3K | $585K | +1.2% |
| 4 Bedrooms | $660K | $682.1K | +3.4% |
| 5+ Bedrooms | $780K | $775.3K | -0.6% |
Summary: Arvada housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Arvada | $619.5K | $620.2K | 0.1% |
| Westminster | $530K | $530.5K | 0.1% |
| Northeast Jefferson | $606.3K | $606.6K | 0.0% |
| Westminster | $516K | $507.5K | -1.6% |
| Wheat Ridge | $655K | $637.3K | -2.7% |
Housing Supply in Arvada, CO
How many homes are available in Arvada, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 718 | 734 | +2.2% |
Summary: The Arvada real estate market had 734 homes for sale in October 2024, a 2.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 128 | 141 | +10.2% |
| 3 Bedrooms | 216 | 228 | +5.6% |
| 4 Bedrooms | 220 | 213 | -3.2% |
| 5+ Bedrooms | 142 | 139 | -2.1% |
Summary: The Arvada housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 2.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 181 | 166 | -8.3% |
Asking Price vs. Sold Price
82 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arvada, you may be able to get a good deal. 49.4% of homes here sold below asking price last month.
Summary: A total of 166 homes were sold or pending in Arvada in October 2024, down by 8.3% month-over-month. Of the 166 sold homes, 49% were sold under asking, 28% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 39 Days | +154.3% |
Summary: Homes in Arvada had an average of 39 days on market in Oct 2024, up by 154.3% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
21 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 October 2024, 166 homes were sold in Arvada; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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