Is Mayer, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mayer was a Seller's Market.
Housing Prices in Mayer, AZ
How much do homes in Mayer, AZ cost?
Median Sold Price
$332,500
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mayer was $332,500 in May 2024, down 2.9% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | - | N/A |
2 Bedrooms | $392.5K | $267.5K | -31.8% |
3 Bedrooms | $320.5K | $358K | +11.7% |
4 Bedrooms | $490K | $400K | -18.4% |
5+ Bedrooms | - | - | N/A |
Summary: Mayer 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 31.8%, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cordes Lakes-Mayer | $325K | $359K | +10.5% |
Mayer | $342.5K | $332.5K | -2.9% |
Housing Supply in Mayer, AZ
How many homes are available in Mayer, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Summary: The Mayer real estate market had 17 homes for sale in May 2024, a 5.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mayer housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Mayer in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mayer, AZ
How long does it take to sell a home in Mayer, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
81 Days | 36 Days | -55.7% |
Summary: Homes in Mayer had an average of 36 days on market in May 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Mayer; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.