Is Alhambra, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Alhambra has remained a Seller's Market.
Housing Prices in Alhambra, AZ
How much do homes in Alhambra, AZ cost?
Median Sold Price
$368,044
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alhambra was $368,044 in March 2024, up 3.3% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136.5K | $135K | -1.1% |
2 Bedrooms | $265K | $225K | -15.1% |
3 Bedrooms | $356K | $361.3K | +1.5% |
4 Bedrooms | $417.1K | $440.6K | +5.6% |
5+ Bedrooms | $880K | $775K | -11.9% |
Summary: Alhambra housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Neighborhoods
Missouri Parkway | $344K | $356K | +3.5% |
Alhambra | $356.4K | $368K | +3.3% |
Bethany Villa | $400K | $408.5K | +2.1% |
Housing Supply in Alhambra, AZ
How many homes are available in Alhambra, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
341 | 360 | +5.6% |
Summary: The Alhambra real estate market had 360 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 9 | +80.0% |
2 Bedrooms | 54 | 54 | 0.0% |
3 Bedrooms | 164 | 171 | +4.3% |
4 Bedrooms | 87 | 87 | 0.0% |
5+ Bedrooms | 31 | 39 | +25.8% |
Summary: The Alhambra housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 81 | -8.0% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Alhambra in March 2024, down by 8.0% month-over-month. Of the 81 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Alhambra, AZ
How long does it take to sell a home in Alhambra, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 47 Days | -21.7% |
Summary: Homes in Alhambra had an average of 47 days on market in Mar 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 81 homes were sold in Alhambra; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.