Is Hereford, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hereford was a Seller's Market.
Housing Prices in Hereford, AZ
How much do homes in Hereford, AZ cost?
Median Sold Price
$400,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hereford was $400,000 in April 2024, up 2.2% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $225K | +80.0% |
2 Bedrooms | $156K | $329.5K | +111.2% |
3 Bedrooms | $388.9K | $355K | -8.7% |
4 Bedrooms | $451K | $487.5K | +8.1% |
5+ Bedrooms | $582.3K | $456K | -21.7% |
Summary: Hereford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 111.2%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 21.7%.
Median Sold Price Compared To Nearby Cities
Sierra Vista | $279.9K | $287.7K | +2.8% |
Hereford | $391.4K | $400K | +2.2% |
Housing Supply in Hereford, AZ
How many homes are available in Hereford, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 60 | -10.4% |
Summary: The Hereford real estate market had 60 homes for sale in April 2024, a 10.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 39 | 31 | -20.5% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Hereford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 4 | -78.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Hereford in April 2024, down by 78.9% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hereford, AZ
How long does it take to sell a home in Hereford, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
105 Days | 224 Days | +113.5% |
Summary: Homes in Hereford had an average of 224 days on market in Apr 2024, up by 113.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Hereford; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.