Is Grayhawk, 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, Grayhawk was a Seller's Market.
Housing Prices in Grayhawk, AZ
How much do homes in Grayhawk, AZ cost?
Median Sold Price
$732,500
$400/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Grayhawk was $732,500 in April 2024, down 2.3% from last year, and the median price per square foot was $400.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $327.5K | $327.5K | 0.0% |
2 Bedrooms | $582.5K | $525K | -9.9% |
3 Bedrooms | $810K | $807K | -0.4% |
4 Bedrooms | $1.0M | $1.2M | +20.8% |
5+ Bedrooms | $1.5M | $1.6M | +3.4% |
Summary: Grayhawk housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.9%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in Grayhawk, AZ
How many homes are available in Grayhawk, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 86 | +2.4% |
Summary: The Grayhawk real estate market had 86 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 23 | 18 | -21.7% |
3 Bedrooms | 34 | 39 | +14.7% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Grayhawk housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes increased by 14.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 11 | -47.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Grayhawk in April 2024, down by 47.6% month-over-month. Of the 11 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Grayhawk, AZ
How long does it take to sell a home in Grayhawk, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 79 Days | -3.7% |
Summary: Homes in Grayhawk had an average of 79 days on market in Apr 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Grayhawk; 9% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.