Is Arrowhead Phase I, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Arrowhead Phase I has remained a Seller's Market.
Housing Prices in Arrowhead Phase I, AZ
How much do homes in Arrowhead Phase I, AZ cost?
Median Sold Price
$471,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arrowhead Phase I was $471,000 in April 2024, down 8.5% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $295K | -7.8% |
2 Bedrooms | $327K | $350K | +7.0% |
3 Bedrooms | $491.9K | $450K | -8.5% |
4 Bedrooms | $562.5K | $578.7K | +2.9% |
5+ Bedrooms | $680K | $688K | +1.2% |
Summary: Arrowhead Phase I housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
Cholla | $555K | $547.3K | -1.4% |
Arrowhead Phase I | $515K | $471K | -8.5% |
Housing Supply in Arrowhead Phase I, AZ
How many homes are available in Arrowhead Phase I, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 24 | -11.1% |
Summary: The Arrowhead Phase I real estate market had 24 homes for sale in April 2024, a 11.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 10 | 6 | -40.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Arrowhead Phase I housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Arrowhead Phase I in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Arrowhead Phase I, AZ
How long does it take to sell a home in Arrowhead Phase I, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 47 Days | -11.7% |
Summary: Homes in Arrowhead Phase I had an average of 47 days on market in Apr 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Arrowhead Phase I; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.