Is Kierland, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Kierland has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $699K | $710K | +1.6% |
2 Bedrooms | $1.4M | $1.1M | -23.9% |
3 Bedrooms | $875K | $1.1M | +27.5% |
4 Bedrooms | $1.8M | $1.2M | -33.3% |
5+ Bedrooms | - | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
33 | 30 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 3 | -62.5% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 4 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
107 Days | 108 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
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.