Is Cactus, 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, Cactus has remained a Seller's Market.
Housing Prices in Cactus, AZ
How much do homes in Cactus, AZ cost?
Median Sold Price
$339,400
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cactus was $339,400 in March 2024, up 13.3% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $175K | +9.4% |
2 Bedrooms | $250K | $249K | -0.4% |
3 Bedrooms | $325K | $330.5K | +1.7% |
4 Bedrooms | $422K | $430K | +1.9% |
5+ Bedrooms | $420K | $450K | +7.1% |
Summary: Cactus housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in Cactus, AZ
How many homes are available in Cactus, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 122 | +18.4% |
Summary: The Cactus real estate market had 122 homes for sale in March 2024, a 18.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 14 | 28 | +100.0% |
3 Bedrooms | 44 | 47 | +6.8% |
4 Bedrooms | 36 | 37 | +2.8% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Cactus housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Cactus in March 2024, up by 13.0% month-over-month. Of the 26 sold homes, 31% were sold under asking, 54% were sold at asking, and 15% were sold over asking.
Days on Market for Cactus, AZ
How long does it take to sell a home in Cactus, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 52 Days | -17.6% |
Summary: Homes in Cactus had an average of 52 days on market in Mar 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Cactus; 42% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.