Is Cortessa, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cortessa was a Seller's Market.
Housing Prices in Cortessa, AZ
How much do homes in Cortessa, AZ cost?
Median Sold Price
$431,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cortessa was $431,000 in March 2024, down 10% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $447.7K | $400K | -10.7% |
4 Bedrooms | $490K | $430K | -12.2% |
5+ Bedrooms | $545K | $485.5K | -10.9% |
Summary: Cortessa housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Neighborhoods
Yucca | $466.2K | $459.9K | -1.4% |
Cortessa | $479K | $431K | -10.0% |
White Tank Foothills | $550K | $450.5K | -18.1% |
Housing Supply in Cortessa, AZ
How many homes are available in Cortessa, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 43 | +34.4% |
Summary: The Cortessa real estate market had 43 homes for sale in March 2024, a 34.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Cortessa housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Cortessa in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cortessa, AZ
How long does it take to sell a home in Cortessa, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 103 Days | +34.2% |
Summary: Homes in Cortessa had an average of 103 days on market in Mar 2024, up by 34.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Cortessa; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.