Is Bisbee, AZ a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Bisbee is a neutral's market


Difference Since August 2022

At the same time last year, Bisbee was a Seller's Market.

Key Takeaway

Bisbee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices

How much do homes in Bisbee, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Bisbee have sold for 18.4% more than they did a year ago.

Summary: The median home sold price in Bisbee was $235,000 in August 2023, up 18.4% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $211.2K$210K
2 $210K$215K
3 $170K$235.5K
4 $234.5K$315K
5+ $535K$360K

Summary: Bisbee housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes decreased by 32.7%.

Housing Supply

How many homes are available in Bisbee, AZ?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Bisbee real estate market had 62 homes for sale in August 2023, a 10.7% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 67
2 2324
3 2023
4 67
5+ 11

Summary: The Bisbee housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bisbee, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Bisbee in August 2023, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 56% were sold at asking, and 0% were sold over asking.

Days on Market

How long does it take to sell a home in Bisbee, AZ?

Average Sale Time

Aug 2022Aug 2023CHANGE
35 Days77 Days+120.1%

Summary: Homes in Bisbee had an average of 77 days on market in Aug 2023, up by 120.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Bisbee are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During August 2023, 9 homes were sold in Bisbee; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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