Is Encanto / Palmcroft, 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, Encanto / Palmcroft was a Neutral Market.
Housing Prices in Encanto / Palmcroft, AZ
How much do homes in Encanto / Palmcroft, AZ cost?
Median Sold Price
$962,500
$430/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Encanto / Palmcroft was $962,500 in March 2024, up 9.1% from last year, and the median price per square foot was $430.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $709.5K | $599K | -15.6% |
3 Bedrooms | $740K | $877.5K | +18.6% |
4 Bedrooms | $1.0M | $990K | -1.7% |
5+ Bedrooms | $2.2M | $1.7M | -20.8% |
Summary: Encanto / Palmcroft 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 15.6%, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 20.8%.
Median Sold Price Compared To Nearby Neighborhoods
Encanto / Palmcroft | $882.5K | $962.5K | +9.1% |
Willo | $812.5K | $797.9K | -1.8% |
Housing Supply in Encanto / Palmcroft, AZ
How many homes are available in Encanto / Palmcroft, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Summary: The Encanto / Palmcroft real estate market had 7 homes for sale in March 2024, a 12.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Encanto / Palmcroft 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Encanto / Palmcroft in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Encanto / Palmcroft, AZ
How long does it take to sell a home in Encanto / Palmcroft, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 51 Days | +91.4% |
Summary: Homes in Encanto / Palmcroft had an average of 51 days on market in Mar 2024, up by 91.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Encanto / Palmcroft; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.