Is Finley Farms, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Finley Farms is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Finley Farms has remained a Seller's Market.

Key Takeaway

Finley Farms is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Finley Farms, AZ

How much do homes in Finley Farms, AZ cost?

Median Sold Price

$485,380

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$52,120(-9.7%)

Key Takeaway

Homes in Finley Farms have sold for 9.7% less than they did a year ago.

Summary: The median home sold price in Finley Farms was $485,380 in February 2024, down 9.7% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $479.9K$457K
-4.8%
4 $585K$560K
-4.3%
5+ $737.5K$703.7K
-4.6%

Summary: Finley Farms 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 decreased by 4.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Neighborhoods

Finley Farms South
-9.2%
Finley Farms
-9.7%

Housing Supply in Finley Farms, AZ

How many homes are available in Finley Farms, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
64-33.3%

Summary: The Finley Farms real estate market had 4 homes for sale in February 2024, a 33.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 32
-33.3%
5+ 11
0.0%

Summary: The Finley Farms 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 decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Finley Farms, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Finley Farms in February 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Finley Farms, AZ

How long does it take to sell a home in Finley Farms, AZ?

Average Sale Time

Feb 2023Feb 2024CHANGE
73 Days116 Days+58.4%

Summary: Homes in Finley Farms had an average of 116 days on market in Feb 2024, up by 58.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Finley Farms are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Finley Farms; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 3 Days Ago

Newest Listings in Finley Farms, AZ

Nearby Markets to Finley Farms, AZ