Is East Arapahoe, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East Arapahoe has remained a Seller's Market.
Housing Prices in East Arapahoe, CO
How much do homes in East Arapahoe, CO cost?
Median Sold Price
$610,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Arapahoe was $610,000 in May 2024, down 2.4% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $440K | $426K | -3.2% |
3 Bedrooms | $551.4K | $550K | -0.3% |
4 Bedrooms | $665K | $650K | -2.3% |
5+ Bedrooms | $785K | $825K | +5.1% |
Summary: East Arapahoe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
East Arapahoe | $625K | $610K | -2.4% |
East Adams | $480K | $465K | -3.1% |
Bennett | $485K | $437.4K | -9.8% |
Housing Supply in East Arapahoe, CO
How many homes are available in East Arapahoe, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
405 | 464 | +14.6% |
Summary: The East Arapahoe real estate market had 464 homes for sale in May 2024, a 14.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 34 | 41 | +20.6% |
3 Bedrooms | 153 | 172 | +12.4% |
4 Bedrooms | 130 | 147 | +13.1% |
5+ Bedrooms | 86 | 102 | +18.6% |
Summary: The East Arapahoe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 18.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
90 | 83 | -7.8% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in East Arapahoe in May 2024, down by 7.8% month-over-month. Of the 83 sold homes, 52% were sold under asking, 23% were sold at asking, and 25% were sold over asking.
Days on Market for East Arapahoe, CO
How long does it take to sell a home in East Arapahoe, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 36 Days | +128.9% |
Summary: Homes in East Arapahoe had an average of 36 days on market in May 2024, up by 128.9% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 83 homes were sold in East Arapahoe; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.