Is Flagstaff, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$812,875
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Flagstaff was $812,875 in April 2024, up 8.5% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $281.5K | $296K | +5.2% |
2 Bedrooms | $405.5K | $445K | +9.7% |
3 Bedrooms | $670K | $734.5K | +9.6% |
4 Bedrooms | $1.0M | $1.1M | +4.9% |
5+ Bedrooms | $1.6M | $1.3M | -18.2% |
Summary: Flagstaff housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 18.2%.
Housing Supply in Flagstaff, AZ
How many homes are available in Flagstaff, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 125 | +10.6% |
Summary: The Flagstaff real estate market had 125 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 35 | 41 | +17.1% |
4 Bedrooms | 36 | 43 | +19.4% |
5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Flagstaff housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 18 | -30.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Flagstaff in April 2024, down by 30.8% month-over-month. Of the 18 sold homes, 72% were sold under asking, 22% were sold at asking, and 6% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 58 Days | -16.7% |
Summary: Homes in Flagstaff had an average of 58 days on market in Apr 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Flagstaff; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.