Is Dreaming Summit, 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, Dreaming Summit was a Buyer's Market.
Housing Prices in Dreaming Summit, AZ
How much do homes in Dreaming Summit, AZ cost?
Median Sold Price
$445,990
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dreaming Summit was $445,990 in April 2024, down 7.5% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $426K | $393.1K | -7.7% |
4 Bedrooms | $485K | $448.6K | -7.5% |
5+ Bedrooms | $650K | $777.5K | +19.6% |
Summary: Dreaming Summit 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 decreased by 7.7%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 19.6%.
Housing Supply in Dreaming Summit, AZ
How many homes are available in Dreaming Summit, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 24 | -29.4% |
Summary: The Dreaming Summit real estate market had 24 homes for sale in April 2024, a 29.4% decrease 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 | 7 | 2 | -71.4% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Dreaming Summit 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 decreased by 71.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 4 | -63.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Dreaming Summit in April 2024, down by 63.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Dreaming Summit, AZ
How long does it take to sell a home in Dreaming Summit, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 46 Days | +30.3% |
Summary: Homes in Dreaming Summit had an average of 46 days on market in Apr 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Dreaming Summit; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.