Is Globe-Miami, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Globe-Miami is a buyer's market

Buyer's
Market

Difference Since September 2023

Since last year, Globe-Miami has remained a Buyer's Market.

Key Takeaway

Globe-Miami is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Globe-Miami, AZ

How much do homes in Globe-Miami, AZ cost?

Median Sold Price

$199,200

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$2,300(-1.1%)

Key Takeaway

Homes in Globe-Miami have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Globe-Miami was $199,200 in September 2024, down 1.1% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $59.9K$75K
+25.2%
2 $132.5K$183.2K
+38.3%
3 $230K$215K
-6.5%
4 $375K$242.5K
-35.3%
5+ $246K$346K
+40.7%

Summary: Globe-Miami housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.2%, 2 bedroom homes increased by 38.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes increased by 40.7%.

Median Sold Price Compared To Nearby Cities

Globe-Miami
-1.1%
Globe
-12.8%

Housing Supply in Globe-Miami, AZ

How many homes are available in Globe-Miami, AZ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3930-23.1%

Summary: The Globe-Miami real estate market had 30 homes for sale in September 2024, a 23.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 21
-50.0%
2 1410
-28.6%
3 1512
-20.0%
4 87
-12.5%
5+ 00
0.0%

Summary: The Globe-Miami housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
103-70.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Globe-Miami, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Globe-Miami in September 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Globe-Miami, AZ

How long does it take to sell a home in Globe-Miami, AZ?

Average Sale Time

Sep 2023Sep 2024CHANGE
45 Days58 Days+28.2%

Summary: Homes in Globe-Miami had an average of 58 days on market in Sep 2024, up by 28.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Globe-Miami are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Globe-Miami; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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