Is Ironwood, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ironwood has remained a Seller's Market.
Housing Prices in Ironwood, AZ
How much do homes in Ironwood, AZ cost?
Median Sold Price
$430,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ironwood was $430,000 in March 2024, down 5.7% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $213.9K | $201K | -6.1% |
2 Bedrooms | $400K | $387.5K | -3.1% |
3 Bedrooms | $465K | $441K | -5.2% |
4 Bedrooms | $512.5K | $500K | -2.4% |
5+ Bedrooms | $692.5K | $561K | -19.0% |
Summary: Ironwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 19%.
Housing Supply in Ironwood, AZ
How many homes are available in Ironwood, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
151 | 149 | -1.3% |
Summary: The Ironwood real estate market had 149 homes for sale in March 2024, a 1.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 67 | 62 | -7.5% |
3 Bedrooms | 49 | 47 | -4.1% |
4 Bedrooms | 26 | 30 | +15.4% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Ironwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 46 | +7.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Ironwood in March 2024, up by 7.0% month-over-month. Of the 46 sold homes, 59% were sold under asking, 39% were sold at asking, and 2% were sold over asking.
Days on Market for Ironwood, AZ
How long does it take to sell a home in Ironwood, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
74 Days | 52 Days | -30.3% |
Summary: Homes in Ironwood had an average of 52 days on market in Mar 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 46 homes were sold in Ironwood; 48% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.