Is East Arapahoe, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Arapahoe is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

-$15,000(-2.4%)

Key Takeaway

Homes in East Arapahoe have sold for 2.4% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $440K$426K
-3.2%
3 $551.4K$550K
-0.3%
4 $665K$650K
-2.3%
5+ $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
-2.4%
East Adams
-3.1%
Bennett
-9.8%

Housing Supply in East Arapahoe, CO

How many homes are available in East Arapahoe, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
405464+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

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 3441
+20.6%
3 153172
+12.4%
4 130147
+13.1%
5+ 86102
+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 2024May 2024CHANGE
9083-7.8%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Arapahoe, you may be able to get a good deal. 51.8% of homes here sold below asking price last month.

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 2023May 2024CHANGE
15 Days36 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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