Is Hereford, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Hereford was a Seller's Market.
Housing Prices in Hereford, AZ
How much do homes in Hereford, AZ cost?
Median Sold Price
$415,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Hereford was $415,000 in June 2024, up 10% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $267.5K | +52.9% |
2 Bedrooms | $148K | $349K | +135.8% |
3 Bedrooms | $375K | $385K | +2.7% |
4 Bedrooms | $457.4K | $487.5K | +6.6% |
5+ Bedrooms | $482.5K | $315K | -34.7% |
Summary: Hereford housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.9%, 2 bedroom homes increased by 135.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 34.7%.
Median Sold Price Compared To Nearby Cities
Hereford | $377.2K | $415K | +10.0% |
Sierra Vista | $280.8K | $287K | +2.2% |
Housing Supply in Hereford, AZ
How many homes are available in Hereford, AZ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
67 | 67 | 0.0% |
Summary: The Hereford real estate market had 67 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 34 | 34 | 0.0% |
4 Bedrooms | 25 | 25 | 0.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Hereford housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Hereford in June 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Hereford, AZ
How long does it take to sell a home in Hereford, AZ?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
82 Days | 70 Days | -14.6% |
Summary: Homes in Hereford had an average of 70 days on market in Jun 2024, down by 14.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 9 homes were sold in Hereford; 22% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.