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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kierland is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Kierland has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Kierland, AZ

How much do homes in Kierland, AZ cost?

Median Sold Price

$997,500

$773/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$127,500(-11.3%)

Key Takeaway

Homes in Kierland have sold for 11.3% less than they did a year ago.

Summary: The median home sold price in Kierland was $997,500 in February 2024, down 11.3% from last year, and the median price per square foot was $773.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $699K$710K
+1.6%
2 $1.4M$1.1M
-23.9%
3 $875K$1.1M
+27.5%
4 $1.8M$1.2M
-33.3%
5+ -$1.2M
N/A

Summary: Kierland housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 23.9%, 3 bedroom homes increased by 27.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes did not change.

Housing Supply in Kierland, AZ

How many homes are available in Kierland, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3330-9.1%

Summary: The Kierland real estate market had 30 homes for sale in February 2024, a 9.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 83
-62.5%
2 1414
0.0%
3 78
+14.3%
4 45
+25.0%
5+ 00
0.0%

Summary: The Kierland housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 62.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 4 homes were sold or pending in Kierland in February 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Kierland, AZ

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

Average Sale Time

Feb 2023Feb 2024CHANGE
107 Days108 Days+1.4%

Summary: Homes in Kierland had an average of 108 days on market in Feb 2024, up by 1.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Kierland are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 4 homes were sold in Kierland; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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 27 Days Ago

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