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

Housing Market Conditions



Gauge showing Flagstaff is a seller's market


Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Flagstaff, AZ

How much do homes in Flagstaff, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Flagstaff have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Flagstaff was $785,250 in February 2024, up 2.3% from last year, and the median price per square foot was $391.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $280K$298K
2 $410K$445K
3 $700K$720K
4 $995K$1.2M
5+ $1.6M$1.2M

Summary: Flagstaff housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 24.2%.

Housing Supply in Flagstaff, AZ

How many homes are available in Flagstaff, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Flagstaff real estate market had 97 homes for sale in February 2024, a 3.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 44
2 1213
3 3428
4 3033
5+ 2019

Summary: The Flagstaff 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 increased by 8.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Flagstaff, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Flagstaff in February 2024, up by 37.5% month-over-month. Of the 22 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% 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

Feb 2023Feb 2024CHANGE
70 Days100 Days+42.3%

Summary: Homes in Flagstaff had an average of 100 days on market in Feb 2024, up by 42.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Flagstaff are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 22 homes were sold in Flagstaff; 14% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 59% 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 4 Days Ago

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