Is Elfrida, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elfrida is a buyer's market

Buyer's
Market

Difference Since August 2021

At the same time last year, Elfrida was a Seller's Market.

Key Takeaway

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

How much do homes in Elfrida, AZ cost?

Median Sold Price

$375,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$79,000(+26.7%)

Key Takeaway

Homes in Elfrida have sold for 26.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $66.5K$178.4K
+168.3%
2 $255.5K$375K
+46.8%
3 $230K$520K
+126.1%
4 $416.7K$471.6K
+13.2%
5+ --
N/A

How many homes are available in Elfrida, AZ?

Number of Homes For Sale

Jul 2022Aug 2022%
2021+5.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 55
0.0%
2 88
0.0%
3 56
+20.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elfrida, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
180 Days49 Days-72.8%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Elfrida has remained consistent over time.

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

About Elfrida, AZ

Elfrida, AZ has 21 homes for sale to choose from. The inventory of homes for sale in Elfrida, AZ between July 2022 and August 2022 increased by 5%. In August 2022 median list price was $375,000 and the average listing age was 49 days. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 168.3%, prices of 2 bedrooms properties went up by 46.8%, 3 bedrooms properties prices increased by 126.1%, 4 bedrooms properties prices increased by 13.2%, 5 bedrooms properties became 0% more expensive. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went up by 20%, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes have not changed. In August 2022, from all listings sold in Elfrida, AZ there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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