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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bisbee is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Bisbee has remained a Seller's Market.

Key Takeaway

Bisbee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bisbee, AZ cost?

Median Sold Price

$195,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$26,450(+15.7%)

Key Takeaway

Homes in Bisbee have sold for 15.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $176K$205K
+16.5%
2 $155K$215K
+38.7%
3 $180.5K$162.5K
-10.0%
4 $172.9K$229.7K
+32.9%
5+ $370K$361.5K
-2.3%

How many homes are available in Bisbee, AZ?

Number of Homes For Sale

Aug 2022Sep 2022%
3539+11.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 55
0.0%
2 1721
+23.5%
3 1111
0.0%
4 11
0.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
78+14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bisbee, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
68 Days34 Days-50.5%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bisbee are selling fast, if you're buying plan to act quickly.

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

About Bisbee, AZ

Homes for sale in Bisbee, AZ have reached 39. The number of homes for sale in Bisbee, AZ increased by 11.4% between August 2022 and September 2022. In September 2022, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $195,000. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 16.5%, prices of 2 bedrooms properties increased by 38.7%, prices of 3 bedrooms properties decreased by 10%, prices of 4 bedrooms properties went up by 32.9%, 5 bedrooms properties prices decreased by 2.3%. This housing market inventory have changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went up by 23.5%, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes remained the same, number of 5 bedrooms homes remained the same. Over 2 listings were sold over their listed price in September 2022 in Bisbee, AZ. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price.