Is Heber, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Heber is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Heber was a Seller's Market.

Key Takeaway

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

Housing Prices in Heber, AZ

How much do homes in Heber, AZ cost?

Median Sold Price

$422,500

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$33,500(+8.6%)

Key Takeaway

Homes in Heber have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Heber was $422,500 in May 2024, up 8.6% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $175K$215K
+22.9%
2 $314.9K$369.9K
+17.4%
3 $424.9K$495K
+16.5%
4 $650K$700K
+7.7%
5+ $1.0M-
N/A

Summary: Heber housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.9%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Overgaard
+9.7%
Heber
+8.6%

Housing Supply in Heber, AZ

How many homes are available in Heber, AZ?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4965+32.7%

Summary: The Heber real estate market had 65 homes for sale in May 2024, a 32.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 45
+25.0%
2 2129
+38.1%
3 1824
+33.3%
4 55
0.0%
5+ 12
+100.0%

Summary: The Heber housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Heber, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Heber in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Heber, AZ

How long does it take to sell a home in Heber, AZ?

Average Sale Time

May 2023May 2024CHANGE
29 Days71 Days+142.9%

Summary: Homes in Heber had an average of 71 days on market in May 2024, up by 142.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 6 homes were sold in Heber; 50% of homes were sold within 30 days, 17% 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 20 Days Ago

Newest Listings in Heber, AZ

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