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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hereford is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Hereford has remained a Seller's Market.

Key Takeaway

Hereford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Hereford, AZ cost?

Median Sold Price

$405,866

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$60,916(+17.7%)

Key Takeaway

Homes in Hereford have sold for 17.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $187.5K-
N/A
2 $151K$158K
+4.6%
3 $310K$391K
+26.1%
4 $447K$479K
+7.2%
5+ $425K$498K
+17.2%

Median Sold Price Compared To Nearby Cities

Hereford
+17.7%
Sierra Vista
+14.4%

How many homes are available in Hereford, AZ?

Number of Homes For Sale

Jul 2022Aug 2022%
4049+22.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 12
+100.0%
2 55
0.0%
3 2026
+30.0%
4 1213
+8.3%
5+ 23
+50.0%

Number of Homes Sold

Jul 2022Aug 2022%
411+175.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hereford, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
39 Days61 Days+54.8%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hereford has remained consistent over time.

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

About Hereford, AZ

There are 49 homes are for sale in Hereford, AZ real estate market. In August 2022 in Hereford, AZ there were 22.5% more homes for sale than in July 2022. Listings spent 61 days on the market in August 2022, and had a median list price of $405,866 during the same period. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 4.6% more expensive, prices of 3 bedrooms properties increased by 26.1%, prices of 4 bedrooms properties went up by 7.2%, 5 bedrooms properties became 17.2% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 100% more available, 2 bedrooms homes did not move, volume of 3 bedrooms homes went up by 30%, volume of 4 bedrooms homes went up by 8.3%, the quantity of 5 bedrooms homes went up by 50%. Over 3 listings were sold over their listed price in August 2022 in Hereford, AZ. In the same period over 5 listings were sold below the listed price and 3 listings were sold for the listed price.

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