Is Navajo County, 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, Navajo County was a Seller's Market.
Housing Prices in Navajo County, AZ
How much do homes in Navajo County, AZ cost?
Median Sold Price
$464,993
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Navajo County was $464,993 in April 2024, up 9.4% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $225K | +36.4% |
2 Bedrooms | $325.9K | $327.5K | 0.5% |
3 Bedrooms | $447K | $495K | +10.7% |
4 Bedrooms | $573K | $700K | +22.2% |
5+ Bedrooms | $835K | $700K | -16.2% |
Summary: Navajo County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 16.2%.
Housing Supply in Navajo County, AZ
How many homes are available in Navajo County, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
240 | 284 | +18.3% |
Summary: The Navajo County real estate market had 284 homes for sale in April 2024, a 18.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 12 | +33.3% |
2 Bedrooms | 47 | 62 | +31.9% |
3 Bedrooms | 126 | 135 | +7.1% |
4 Bedrooms | 41 | 55 | +34.1% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Navajo County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 31.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 34 | +21.4% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Navajo County in April 2024, up by 21.4% month-over-month. Of the 34 sold homes, 85% were sold under asking, 15% were sold at asking, and 0% were sold over asking.
Days on Market for Navajo County, AZ
How long does it take to sell a home in Navajo County, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 50 Days | -35.4% |
Summary: Homes in Navajo County had an average of 50 days on market in Apr 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Navajo County; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.