$7,125 Closing Credit*
$600,000
2,187 SqFt
3 Beds
•1 Full Bath, 3 Partial
Rob Stark, Listing Office: RE/MAX Professionals
Is Southwest Arapahoe, 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, Southwest Arapahoe has remained a Seller's Market.
Key Takeaway
Southwest Arapahoe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Arapahoe, CO
How much do homes in Southwest Arapahoe, CO cost?
Median Sold Price
$649,977
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$34,379(-5.0%)
Key Takeaway
Homes in Southwest Arapahoe have sold for 5% less than they did a year ago.
Summary: The median home sold price in Southwest Arapahoe was $649,977 in October 2024, down 5% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $310K | 0.0% |
| 2 Bedrooms | $450K | $430K | -4.4% |
| 3 Bedrooms | $575K | $584.4K | +1.6% |
| 4 Bedrooms | $757.9K | $742.1K | -2.1% |
| 5+ Bedrooms | $1.2M | $1.0M | -12.4% |
Summary: Southwest Arapahoe 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 4.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Littleton | $636K | $632.2K | -0.6% |
| Southwest Arapahoe | $684.3K | $649.9K | -5.0% |
| Englewood | $632.5K | $593.2K | -6.2% |
| Greenwood Village | $1.8M | $1.3M | -29.7% |
Housing Supply in Southwest Arapahoe, CO
How many homes are available in Southwest Arapahoe, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 883 | 953 | +7.9% |
Summary: The Southwest Arapahoe real estate market had 953 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 39 | 40 | +2.6% |
| 2 Bedrooms | 184 | 187 | +1.6% |
| 3 Bedrooms | 233 | 241 | +3.4% |
| 4 Bedrooms | 232 | 267 | +15.1% |
| 5+ Bedrooms | 195 | 218 | +11.8% |
Summary: The Southwest Arapahoe housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 179 | 200 | +11.7% |
Asking Price vs. Sold Price
127 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Arapahoe, you may be able to get a good deal. 63.5% of homes here sold below asking price last month.
Summary: A total of 200 homes were sold or pending in Southwest Arapahoe in October 2024, up by 11.7% month-over-month. Of the 200 sold homes, 64% were sold under asking, 17% were sold at asking, and 20% were sold over asking.
Days on Market for Southwest Arapahoe, CO
How long does it take to sell a home in Southwest Arapahoe, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 38 Days | +101.7% |
Summary: Homes in Southwest Arapahoe had an average of 38 days on market in Oct 2024, up by 101.7% compared to last year.
Breakdown of Home Sale Times
113 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Arapahoe are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 200 homes were sold in Southwest Arapahoe; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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