Is Biltmore, 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, Biltmore has remained a Seller's Market.
Housing Prices in Biltmore, AZ
How much do homes in Biltmore, AZ cost?
Median Sold Price
$790,000
$464/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Biltmore was $790,000 in March 2024, up 18.1% from last year, and the median price per square foot was $464.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $322.7K | +5.8% |
2 Bedrooms | $580K | $580K | 0.0% |
3 Bedrooms | $1.3M | $1.4M | +6.1% |
4 Bedrooms | $1.9M | $1.7M | -10.8% |
5+ Bedrooms | $5.2M | $2.4M | -52.9% |
Summary: Biltmore housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 52.9%.
Housing Supply in Biltmore, AZ
How many homes are available in Biltmore, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 59 | +7.3% |
Summary: The Biltmore real estate market had 59 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 25 | 31 | +24.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Biltmore housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 24%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Biltmore in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.
Days on Market for Biltmore, AZ
How long does it take to sell a home in Biltmore, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
104 Days | 96 Days | -8.0% |
Summary: Homes in Biltmore had an average of 96 days on market in Mar 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Biltmore; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.