Is Canyon Trails, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Canyon Trails has remained a Seller's Market.
Housing Prices in Canyon Trails, AZ
How much do homes in Canyon Trails, AZ cost?
Median Sold Price
$406,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Canyon Trails was $406,000 in February 2024, down 13.8% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $304.9K | $294K | -3.6% |
3 Bedrooms | $446.5K | $372.5K | -16.6% |
4 Bedrooms | $496.2K | $437.5K | -11.8% |
5+ Bedrooms | $556K | $514.9K | -7.4% |
Summary: Canyon Trails housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 16.6%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Neighborhoods
Wildflower | $412K | $430K | +4.4% |
Canyon Trails | $471K | $406K | -13.8% |
Housing Supply in Canyon Trails, AZ
How many homes are available in Canyon Trails, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
26 | 29 | +11.5% |
Summary: The Canyon Trails real estate market had 29 homes for sale in February 2024, a 11.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Canyon Trails housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Canyon Trails in February 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Canyon Trails, AZ
How long does it take to sell a home in Canyon Trails, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
90 Days | 59 Days | -35.0% |
Summary: Homes in Canyon Trails had an average of 59 days on market in Feb 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 8 homes were sold in Canyon Trails; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.