$3,384 Closing Credit*
$285,000
1,000 SqFt
2 Beds
•1 Full Bath, 2 Partial
Nicki Thompson, Listing Office: RE/MAX Alliance - Olde Town
Is Arvada Plaza Area, 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 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
$490,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$24,287(-4.7%)
Key Takeaway
Homes in Arvada Plaza Area have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Arvada Plaza Area was $490,000 in November 2024, down 4.7% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $352.5K | $323.2K | -8.3% |
| 2 Bedrooms | $435K | $340K | -21.8% |
| 3 Bedrooms | $540K | $500K | -7.4% |
| 4 Bedrooms | $545K | $615K | +12.8% |
| 5+ Bedrooms | $548.5K | $658.7K | +20.1% |
Summary: Arvada Plaza Area housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 21.8%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 20.1%.
Housing Supply in Arvada Plaza Area, CO
How many homes are available in Arvada Plaza Area, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Summary: The Arvada Plaza Area real estate market had 33 homes for sale in November 2024, a 10.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Arvada Plaza Area housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
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 November 2024, up by 62.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 42 Days | +121.9% |
Summary: Homes in Arvada Plaza Area had an average of 42 days on market in Nov 2024, up by 121.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arvada Plaza Area are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Arvada Plaza Area; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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