$4,038 Closing Credit*
$340,000
1,116 SqFt
2 Beds
•1 Full Bath, 1 Partial
Tim Hoyman, Listing Office: The Group Inc - Loveland
Is Southwest Arapahoe, 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, 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
$650,045
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$33,676(-4.9%)
Key Takeaway
Homes in Southwest Arapahoe have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Southwest Arapahoe was $650,045 in November 2024, down 4.9% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $306.2K | -1.2% |
| 2 Bedrooms | $445K | $433.3K | -2.6% |
| 3 Bedrooms | $580K | $583.9K | +0.7% |
| 4 Bedrooms | $761.2K | $737.2K | -3.2% |
| 5+ Bedrooms | $1.2M | $1.0M | -14.0% |
Summary: Southwest Arapahoe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Cities
| Littleton | $630K | $634.3K | +0.7% |
| Southwest Arapahoe | $683.7K | $650K | -4.9% |
| Englewood | $631.2K | $590.5K | -6.5% |
| Cherry Hills Village | $3.3M | $3.0M | -10.3% |
| Greenwood Village | $1.8M | $1.3M | -25.7% |
Housing Supply in Southwest Arapahoe, CO
How many homes are available in Southwest Arapahoe, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 912 | 835 | -8.4% |
Summary: The Southwest Arapahoe real estate market had 835 homes for sale in November 2024, a 8.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 34 | -10.5% |
| 2 Bedrooms | 180 | 187 | +3.9% |
| 3 Bedrooms | 230 | 204 | -11.3% |
| 4 Bedrooms | 256 | 227 | -11.3% |
| 5+ Bedrooms | 208 | 183 | -12.0% |
Summary: The Southwest Arapahoe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 207 | 167 | -19.3% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
36 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. 54.5% of homes here sold below asking price last month.
Summary: A total of 167 homes were sold or pending in Southwest Arapahoe in November 2024, down by 19.3% month-over-month. Of the 167 sold homes, 54% were sold under asking, 24% were sold at asking, and 22% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 41 Days | +107.4% |
Summary: Homes in Southwest Arapahoe had an average of 41 days on market in Nov 2024, up by 107.4% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
55 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 November 2024, 167 homes were sold in Southwest Arapahoe; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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