Is Cholla, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cholla has remained a Seller's Market.
Housing Prices in Cholla, AZ
How much do homes in Cholla, AZ cost?
Median Sold Price
$547,333
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cholla was $547,333 in April 2024, down 1.4% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $295K | -7.8% |
2 Bedrooms | $385K | $360K | -6.5% |
3 Bedrooms | $500K | $470K | -6.0% |
4 Bedrooms | $600K | $593.5K | -1.1% |
5+ Bedrooms | $700K | $720.7K | +3.0% |
Summary: Cholla housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Neighborhoods
Cholla | $555K | $547.3K | -1.4% |
Arrowhead Phase I | $515K | $471K | -8.5% |
Housing Supply in Cholla, AZ
How many homes are available in Cholla, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
158 | 159 | +0.6% |
Summary: The Cholla real estate market had 159 homes for sale in April 2024, a 0.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 61 | 64 | +4.9% |
4 Bedrooms | 64 | 59 | -7.8% |
5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The Cholla housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 54 | +22.7% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Cholla in April 2024, up by 22.7% month-over-month. Of the 54 sold homes, 65% were sold under asking, 24% were sold at asking, and 11% were sold over asking.
Days on Market for Cholla, AZ
How long does it take to sell a home in Cholla, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 53 Days | -13.9% |
Summary: Homes in Cholla had an average of 53 days on market in Apr 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in Cholla; 48% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.