Is Central City, 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, Central City has remained a Seller's Market.
Housing Prices in Central City, AZ
How much do homes in Central City, AZ cost?
Median Sold Price
$379,947
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Central City was $379,947 in March 2024, the same as last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $342.8K | $329.9K | -3.7% |
2 Bedrooms | $402K | $375K | -6.7% |
3 Bedrooms | $370K | $413.5K | +11.8% |
4 Bedrooms | $399.9K | $404K | +1.0% |
5+ Bedrooms | $550K | $499K | -9.3% |
Summary: Central City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Neighborhoods
Copper Square | $375K | $395K | +5.3% |
Central City | $379.9K | $379.9K | 0.0% |
Garfield | $415K | $404.5K | -2.5% |
Housing Supply in Central City, AZ
How many homes are available in Central City, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 114 | +10.7% |
Summary: The Central City real estate market had 114 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 17 | +41.7% |
2 Bedrooms | 40 | 42 | +5.0% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Central City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.7%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 24 | +41.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Central City in March 2024, up by 41.2% month-over-month. Of the 24 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% were sold over asking.
Days on Market for Central City, AZ
How long does it take to sell a home in Central City, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 63 Days | -5.0% |
Summary: Homes in Central City had an average of 63 days on market in Mar 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Central City; 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.