Is Desert Foothills, 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, Desert Foothills has remained a Seller's Market.
Housing Prices in Desert Foothills, AZ
How much do homes in Desert Foothills, AZ cost?
Median Sold Price
$1,532,500
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Desert Foothills was $1,532,500 in April 2024, down 1.5% from last year, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $252.5K | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.1M | $1.2M | +4.3% |
4 Bedrooms | $1.6M | $1.4M | -10.7% |
5+ Bedrooms | $1.8M | $2.2M | +23.3% |
Summary: Desert Foothills 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 4.3%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 23.3%.
Housing Supply in Desert Foothills, AZ
How many homes are available in Desert Foothills, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 38 | 0.0% |
Summary: The Desert Foothills real estate market had 38 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Desert Foothills 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Desert Foothills in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Desert Foothills, AZ
How long does it take to sell a home in Desert Foothills, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 44 Days | -9.2% |
Summary: Homes in Desert Foothills had an average of 44 days on market in Apr 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Desert Foothills; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.