Is Desert Estate, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Desert Estate was a Seller's Market.
Housing Prices in Desert Estate, AZ
How much do homes in Desert Estate, AZ cost?
Median Sold Price
$1,099,900
$477/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Desert Estate was $1,099,900 in April 2024, down 21.4% from last year, and the median price per square foot was $477.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $827.5K | $1.0M | +20.8% |
4 Bedrooms | $1.5M | $1.2M | -21.0% |
5+ Bedrooms | $2.0M | $1.5M | -25.4% |
Summary: Desert Estate housing prices by bedroom type for April 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 increased by 20.8%, 4 bedroom homes decreased by 21%, and 5+ bedroom homes decreased by 25.4%.
Housing Supply in Desert Estate, AZ
How many homes are available in Desert Estate, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Summary: The Desert Estate real estate market had 15 homes for sale in April 2024, a 36.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 0 | 1 | +100.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Desert Estate housing inventory by bedroom type for April 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Desert Estate in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Desert Estate, AZ
How long does it take to sell a home in Desert Estate, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
103 Days | 11 Days | -89.4% |
Summary: Homes in Desert Estate had an average of 11 days on market in Apr 2024, down by 89.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Desert Estate; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.