$7,838 Closing Credit*
$660,000
1,776 SqFt
4 Beds
•1 Full Bath, 1 Partial
Jose Nevarez, Listing Office: Megastar Realty
Is Northwest 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, Northwest Arvada has remained a Seller's Market.
Key Takeaway
Northwest Arvada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Arvada, CO
How much do homes in Northwest Arvada, CO cost?
Median Sold Price
$605,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,750(+1.1%)
Key Takeaway
Homes in Northwest Arvada have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Northwest Arvada was $605,000 in October 2024, up 1.1% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $339.9K | N/A |
| 2 Bedrooms | $449.2K | $420K | -6.5% |
| 3 Bedrooms | $564.3K | $556.3K | -1.4% |
| 4 Bedrooms | $631K | $663K | +5.1% |
| 5+ Bedrooms | $675K | $719.5K | +6.6% |
Summary: Northwest Arvada housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in Northwest Arvada, CO
How many homes are available in Northwest Arvada, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The Northwest Arvada real estate market had 47 homes for sale in October 2024, a 11.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Northwest Arvada housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Arvada, 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 Northwest Arvada in October 2024, up by 44.4% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for Northwest Arvada, CO
How long does it take to sell a home in Northwest Arvada, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 34 Days | +211.1% |
Summary: Homes in Northwest Arvada had an average of 34 days on market in Oct 2024, up by 211.1% 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
Key Takeaway
Many homes in Northwest Arvada are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Northwest Arvada; 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.
Listings courtesy of REColorado as distributed by MLS GRID.
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