Is Litchfield Park, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Litchfield Park has remained a Seller's Market.
Key Takeaway
Litchfield Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Litchfield Park, AZ
How much do homes in Litchfield Park, AZ cost?
Median Sold Price
$519,722
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Litchfield Park have sold for 4% more than they did a year ago.
Summary: The median home sold price in Litchfield Park was $519,722 in June 2024, up 4% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.8K | $282K | +3.4% |
| 2 Bedrooms | $400K | $395.5K | -1.1% |
| 3 Bedrooms | $440K | $480K | +9.1% |
| 4 Bedrooms | $553.6K | $516.6K | -6.7% |
| 5+ Bedrooms | $650K | $685K | +5.4% |
Summary: Litchfield Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in Litchfield Park, AZ
How many homes are available in Litchfield Park, AZ?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 311 | 296 | -4.8% |
Summary: The Litchfield Park real estate market had 296 homes for sale in June 2024, a 4.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 102 | 99 | -2.9% |
| 4 Bedrooms | 141 | 135 | -4.3% |
| 5+ Bedrooms | 59 | 53 | -10.2% |
Summary: The Litchfield Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 10.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 69 | 64 | -7.2% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Litchfield Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 64 homes were sold or pending in Litchfield Park in June 2024, down by 7.2% month-over-month. Of the 64 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Litchfield Park, AZ
How long does it take to sell a home in Litchfield Park, AZ?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 76 Days | 75 Days | -1.4% |
Summary: Homes in Litchfield Park had an average of 75 days on market in Jun 2024, down by 1.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Litchfield Park has remained consistent over time.
Summary: During June 2024, 64 homes were sold in Litchfield Park; 23% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.