Is Flagstaff, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Flagstaff has remained a Seller's Market.
Housing Prices in Flagstaff, AZ
How much do homes in Flagstaff, AZ cost?
Median Sold Price
$790,000
$392/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Flagstaff was $790,000 in March 2024, up 3.3% from last year, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $290.5K | +3.8% |
2 Bedrooms | $412.5K | $407K | -1.3% |
3 Bedrooms | $690K | $725K | +5.1% |
4 Bedrooms | $995K | $1.2M | +20.6% |
5+ Bedrooms | $1.6M | $1.3M | -18.2% |
Summary: Flagstaff housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 20.6%, 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 111 | +12.1% |
Summary: The Flagstaff real estate market had 111 homes for sale in March 2024, a 12.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 29 | 34 | +17.2% |
4 Bedrooms | 33 | 33 | 0.0% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Flagstaff housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 17.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 26 | +13.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Flagstaff in March 2024, up by 13.0% month-over-month. Of the 26 sold homes, 69% were sold under asking, 27% were sold at asking, and 4% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 99 Days | +168.0% |
Summary: Homes in Flagstaff had an average of 99 days on market in Mar 2024, up by 168% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Flagstaff; 19% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.