Is Garfield, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Garfield was a Buyer's Market.
Housing Prices in Garfield, AZ
How much do homes in Garfield, AZ cost?
Median Sold Price
$404,500
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Garfield was $404,500 in March 2024, down 2.5% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $309.9K | $305K | -1.6% |
2 Bedrooms | $405K | $350K | -13.6% |
3 Bedrooms | $459K | $487.5K | +6.2% |
4 Bedrooms | $517.5K | $710K | +37.2% |
5+ Bedrooms | $550K | $637.5K | +15.9% |
Summary: Garfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 37.2%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Neighborhoods
Downtown Phoenix | $395K | $428.5K | +8.5% |
Coronado | $539.9K | $535K | -0.9% |
Garfield | $415K | $404.5K | -2.5% |
Housing Supply in Garfield, AZ
How many homes are available in Garfield, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Summary: The Garfield real estate market had 14 homes for sale in March 2024, a 40.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Garfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Garfield in March 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Garfield, AZ
How long does it take to sell a home in Garfield, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
129 Days | 59 Days | -54.3% |
Summary: Homes in Garfield had an average of 59 days on market in Mar 2024, down by 54.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Garfield; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.