Is Desert Mountain, 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, Desert Mountain was a Seller's Market.
Housing Prices in Desert Mountain, AZ
How much do homes in Desert Mountain, AZ cost?
Median Sold Price
$2,625,000
$649/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Desert Mountain was $2,625,000 in March 2024, up 1% from last year, and the median price per square foot was $649.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.4M | $1.1M | -23.5% |
3 Bedrooms | $2.0M | $2.1M | +1.8% |
4 Bedrooms | $3.2M | $3.2M | -2.6% |
5+ Bedrooms | $4.0M | $3.9M | -3.1% |
Summary: Desert Mountain 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 decreased by 23.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 3.1%.
Housing Supply in Desert Mountain, AZ
How many homes are available in Desert Mountain, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
125 | 125 | 0.0% |
Summary: The Desert Mountain real estate market had 125 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 36 | 33 | -8.3% |
4 Bedrooms | 63 | 61 | -3.2% |
5+ Bedrooms | 23 | 28 | +21.7% |
Summary: The Desert Mountain 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 decreased by 8.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 8 | -46.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Desert Mountain in March 2024, down by 46.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Desert Mountain, AZ
How long does it take to sell a home in Desert Mountain, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
147 Days | 151 Days | +2.7% |
Summary: Homes in Desert Mountain had an average of 151 days on market in Mar 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Desert Mountain; 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.