Is Arvada Plaza Area, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arvada Plaza Area is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, Arvada Plaza Area has remained a Seller's Market.

Key Takeaway

Arvada Plaza Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Arvada Plaza Area, CO

How much do homes in Arvada Plaza Area, CO cost?

Median Sold Price

$510,000

$378/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$10,000(+2.0%)

Key Takeaway

Homes in Arvada Plaza Area have sold for 2% more than they did a year ago.

Summary: The median home sold price in Arvada Plaza Area was $510,000 in August 2024, up 2% from last year, and the median price per square foot was $378.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $350K$315K
-10.0%
2 $431.2K$391.6K
-9.2%
3 $540K$525K
-2.8%
4 $542.5K$615K
+13.4%
5+ $540K$593.4K
+9.9%

Summary: Arvada Plaza Area housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 9.9%.

Housing Supply in Arvada Plaza Area, CO

How many homes are available in Arvada Plaza Area, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
3342+27.3%

Summary: The Arvada Plaza Area real estate market had 42 homes for sale in August 2024, a 27.3% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 25
+150.0%
2 1012
+20.0%
3 1115
+36.4%
4 74
-42.9%
5+ 36
+100.0%

Summary: The Arvada Plaza Area housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arvada Plaza Area, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Arvada Plaza Area in August 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% were sold over asking.

Days on Market for Arvada Plaza Area, CO

How long does it take to sell a home in Arvada Plaza Area, CO?

Average Sale Time

Aug 2023Aug 2024CHANGE
7 Days21 Days+201.1%

Summary: Homes in Arvada Plaza Area had an average of 21 days on market in Aug 2024, up by 201.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Arvada Plaza Area are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 13 homes were sold in Arvada Plaza Area; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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 27 Days Ago

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