Is Alta Mesa, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Alta Mesa was a Seller's Market.
Housing Prices in Alta Mesa, AZ
How much do homes in Alta Mesa, AZ cost?
Median Sold Price
$415,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alta Mesa was $415,000 in March 2024, down 5.7% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $213K | -0.9% |
2 Bedrooms | $340K | $341.5K | 0.4% |
3 Bedrooms | $453.5K | $435K | -4.1% |
4 Bedrooms | $540K | $520K | -3.7% |
5+ Bedrooms | $900K | $728.2K | -19.1% |
Summary: Alta Mesa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 19.1%.
Median Sold Price Compared To Nearby Neighborhoods
Alta Mesa | $439.9K | $415K | -5.7% |
Alta Mesa Townhomes | $402.5K | $372.5K | -7.5% |
Housing Supply in Alta Mesa, AZ
How many homes are available in Alta Mesa, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 48 | -5.9% |
Summary: The Alta Mesa real estate market had 48 homes for sale in March 2024, a 5.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 21 | 20 | -4.8% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Alta Mesa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Alta Mesa in March 2024, down by 42.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 63% were sold at asking, and 0% were sold over asking.
Days on Market for Alta Mesa, AZ
How long does it take to sell a home in Alta Mesa, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 57 Days | +47.1% |
Summary: Homes in Alta Mesa had an average of 57 days on market in Mar 2024, up by 47.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Alta Mesa; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.