Is Barrel, 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, Barrel has remained a Seller's Market.
Housing Prices in Barrel, AZ
How much do homes in Barrel, AZ cost?
Median Sold Price
$385,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Barrel was $385,000 in March 2024, down 3.8% 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 | $185K | $195K | +5.4% |
2 Bedrooms | $260K | $262.5K | +1.0% |
3 Bedrooms | $390K | $379.7K | -2.6% |
4 Bedrooms | $435K | $435K | 0.0% |
5+ Bedrooms | $465K | $514K | +10.5% |
Summary: Barrel housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Neighborhoods
Paseo Place | $359.1K | $375K | +4.4% |
Barrel | $400K | $385K | -3.8% |
Housing Supply in Barrel, AZ
How many homes are available in Barrel, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 101 | +11.0% |
Summary: The Barrel real estate market had 101 homes for sale in March 2024, a 11.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 52 | 55 | +5.8% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Barrel 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 increased by 33.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 23 | -11.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Barrel in March 2024, down by 11.5% month-over-month. Of the 23 sold homes, 39% were sold under asking, 39% were sold at asking, and 22% were sold over asking.
Days on Market for Barrel, AZ
How long does it take to sell a home in Barrel, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 49 Days | -11.5% |
Summary: Homes in Barrel had an average of 49 days on market in Mar 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Barrel; 43% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.