Is Flagstaff, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Flagstaff was a Seller's Market.
Housing Prices in Flagstaff, AZ
How much do homes in Flagstaff, AZ cost?
Median Sold Price
$818,250
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Flagstaff was $818,250 in June 2024, up 11.3% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $284K | $296K | +4.2% |
2 Bedrooms | $395K | $455K | +15.2% |
3 Bedrooms | $663K | $735K | +10.9% |
4 Bedrooms | $1.1M | $1.1M | 0.4% |
5+ Bedrooms | $1.3M | $1.3M | -0.8% |
Summary: Flagstaff housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in Flagstaff, AZ
How many homes are available in Flagstaff, AZ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
150 | 171 | +14.0% |
Summary: The Flagstaff real estate market had 171 homes for sale in June 2024, a 14.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 15 | 19 | +26.7% |
3 Bedrooms | 57 | 72 | +26.3% |
4 Bedrooms | 47 | 47 | 0.0% |
5+ Bedrooms | 24 | 25 | +4.2% |
Summary: The Flagstaff housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 26.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Flagstaff in June 2024, down by 8.3% month-over-month. Of the 22 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for Flagstaff, AZ
How long does it take to sell a home in Flagstaff, AZ?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
47 Days | 72 Days | +51.7% |
Summary: Homes in Flagstaff had an average of 72 days on market in Jun 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 22 homes were sold in Flagstaff; 14% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.