Is Elfrida, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elfrida has remained a Buyer's Market.
Key Takeaway
Elfrida is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elfrida, AZ
How much do homes in Elfrida, AZ cost?
Median Sold Price
$145,000
$84/sqft
Based on all homes sold in November 2023.
Difference Since Last Month
Key Takeaway
Homes in Elfrida have sold for 19.2% less than they did a month ago.
Summary: The median home sold price in Elfrida was $145,000 in November 2023, down 19.2% from last month, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $179.5K | $145K | -19.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Elfrida housing prices by bedroom type for November 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Elfrida, AZ
How many homes are available in Elfrida, AZ?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The Elfrida real estate market had 21 homes for sale in November 2023, a 10.5% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elfrida housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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.
Summary: A total of 1 homes were sold or pending in Elfrida in November 2023, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Elfrida, AZ
How long does it take to sell a home in Elfrida, AZ?
Average Sale Time
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 80 Days | 90 Days | +12.5% |
Summary: Homes in Elfrida had an average of 90 days on market in Nov 2023, up by 12.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Elfrida are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2023, 1 homes were sold in Elfrida; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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