Is Desert Highlands, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Desert Highlands is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Desert Highlands has remained a Seller's Market.

Key Takeaway

Desert Highlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Desert Highlands, AZ

How much do homes in Desert Highlands, AZ cost?

Median Sold Price

$3,050,000

$709/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$350,000(+13.0%)

Key Takeaway

Homes in Desert Highlands have sold for 13% more than they did a year ago.

Summary: The median home sold price in Desert Highlands was $3,050,000 in March 2024, up 13% from last year, and the median price per square foot was $709.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $1.6M$2.1M
+33.8%
3 $2.3M$2.7M
+17.9%
4 $3.3M$3.2M
-4.4%
5+ $3.3M$4.0M
+20.9%

Summary: Desert Highlands 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 increased by 33.8%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 20.9%.

Median Sold Price Compared To Nearby Neighborhoods

Desert Highlands
+13.0%
Reata Pass
+8.3%

Housing Supply in Desert Highlands, AZ

How many homes are available in Desert Highlands, AZ?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1920+5.3%

Summary: The Desert Highlands real estate market had 20 homes for sale in March 2024, a 5.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 810
+25.0%
4 55
0.0%
5+ 55
0.0%

Summary: The Desert Highlands 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 decreased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Desert Highlands, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Desert Highlands in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Desert Highlands, AZ

How long does it take to sell a home in Desert Highlands, AZ?

Average Sale Time

Mar 2023Mar 2024CHANGE
159 Days98 Days-38.0%

Summary: Homes in Desert Highlands had an average of 98 days on market in Mar 2024, down by 38% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Desert Highlands are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in Desert Highlands; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Desert Highlands, AZ

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