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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arvada is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Arvada, CO

How much do homes in Arvada, CO cost?

Median Sold Price

$643,524

$314/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$26,000(+4.2%)

Key Takeaway

Homes in Arvada have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Arvada was $643,524 in April 2024, up 4.2% from last year, and the median price per square foot was $314.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $342.5K$355K
+3.6%
2 $420.5K$433.5K
+3.1%
3 $590K$587.5K
-0.4%
4 $673.3K$682.2K
+1.3%
5+ $780K$775K
-0.6%

Summary: Arvada housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Cities

Arvada
+4.2%
Northeast Jefferson
+2.5%
Westminster
+0.8%
Westminster
0.1%
Wheat Ridge
-1.4%

Housing Supply in Arvada, CO

How many homes are available in Arvada, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
380535+40.8%

Summary: The Arvada real estate market had 535 homes for sale in April 2024, a 40.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 78
+14.3%
2 6697
+47.0%
3 115155
+34.8%
4 126176
+39.7%
5+ 6699
+50.0%

Summary: The Arvada housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 47%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 39.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
79176+122.8%

Asking Price vs. Sold Price

63 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

79 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arvada, you could pay more than the asking price. 44.9% of homes here sold above asking price last month.

Summary: A total of 176 homes were sold or pending in Arvada in April 2024, up by 122.8% month-over-month. Of the 176 sold homes, 36% were sold under asking, 19% were sold at asking, and 45% were sold over asking.

Days on Market for Arvada, CO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
13 Days21 Days+54.2%

Summary: Homes in Arvada had an average of 21 days on market in Apr 2024, up by 54.2% compared to last year.

Breakdown of Home Sale Times

137 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 176 homes were sold in Arvada; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% 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 10 Days Ago

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