Is Indian Bend, AZ 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, Indian Bend has remained a Seller's Market.
Housing Prices in Indian Bend, AZ
How much do homes in Indian Bend, AZ cost?
Median Sold Price
$588,150
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Indian Bend was $588,150 in May 2024, up 4% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $283.5K | $275K | -3.0% |
2 Bedrooms | $434K | $434.2K | 0.1% |
3 Bedrooms | $653.3K | $703.3K | +7.7% |
4 Bedrooms | $917.5K | $917.5K | 0.0% |
5+ Bedrooms | $2.6M | $2.6M | -1.9% |
Summary: Indian Bend housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Neighborhoods
Villa Monterey | $429K | $480K | +11.9% |
Indian Bend | $565.6K | $588.1K | +4.0% |
Housing Supply in Indian Bend, AZ
How many homes are available in Indian Bend, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
495 | 469 | -5.3% |
Summary: The Indian Bend real estate market had 469 homes for sale in May 2024, a 5.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 51 | 47 | -7.8% |
2 Bedrooms | 193 | 178 | -7.8% |
3 Bedrooms | 148 | 141 | -4.7% |
4 Bedrooms | 70 | 69 | -1.4% |
5+ Bedrooms | 33 | 34 | +3.0% |
Summary: The Indian Bend housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
126 | 94 | -25.4% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 94 homes were sold or pending in Indian Bend in May 2024, down by 25.4% month-over-month. Of the 94 sold homes, 72% were sold under asking, 18% were sold at asking, and 10% were sold over asking.
Days on Market for Indian Bend, AZ
How long does it take to sell a home in Indian Bend, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
60 Days | 75 Days | +25.5% |
Summary: Homes in Indian Bend had an average of 75 days on market in May 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During May 2024, 94 homes were sold in Indian Bend; 24% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.