Is Dynamite Foothills, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dynamite Foothills is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Dynamite Foothills has remained a Buyer's Market.

Key Takeaway

Dynamite Foothills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Dynamite Foothills, AZ

How much do homes in Dynamite Foothills, AZ cost?

Median Sold Price

$1,625,000

$482/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$282,500(+21.0%)

Key Takeaway

Homes in Dynamite Foothills have sold for 21% more than they did a year ago.

Summary: The median home sold price in Dynamite Foothills was $1,625,000 in February 2024, up 21% from last year, and the median price per square foot was $482.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 -$1.2M
N/A
3 $1.2M$1.4M
+16.1%
4 $1.3M$1.6M
+30.5%
5+ $2.0M$2.8M
+43.8%

Summary: Dynamite Foothills housing prices by bedroom type for February 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 16.1%, 4 bedroom homes increased by 30.5%, and 5+ bedroom homes increased by 43.8%.

Housing Supply in Dynamite Foothills, AZ

How many homes are available in Dynamite Foothills, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
50500.0%

Summary: The Dynamite Foothills real estate market had 50 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2626
0.0%
4 1515
0.0%
5+ 99
0.0%

Summary: The Dynamite Foothills housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
46+50.0%

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 Dynamite Foothills, 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 Dynamite Foothills in February 2024, up by 50.0% 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 Dynamite Foothills, AZ

How long does it take to sell a home in Dynamite Foothills, AZ?

Average Sale Time

Feb 2023Feb 2024CHANGE
63 Days74 Days+17.6%

Summary: Homes in Dynamite Foothills had an average of 74 days on market in Feb 2024, up by 17.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Dynamite Foothills has remained consistent over time.

Summary: During February 2024, 6 homes were sold in Dynamite Foothills; 17% of homes were sold within 30 days, 50% 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 27 Days Ago

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