Is Litchfield Park, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Litchfield Park is a seller's market

Buyer's
Market

Difference Since December 2020

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.

How much do homes in Litchfield Park, AZ cost?

Median Sold Price

$498,500

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$69,250(+16.1%)

Key Takeaway

Homes in Litchfield Park have sold for 16.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $180K$210K
+16.7%
2 $251K$320K
+27.5%
3 $415K$500.7K
+20.7%
4 $510K$660K
+29.4%
5+ $635K$700K
+10.2%

Median Sold Price Compared To Nearby Cities

Avondale
+32.6%
Goodyear
+29.9%
Glendale
+27.9%
Phoenix
+24.6%
Litchfield Park
+16.1%

How many homes are available in Litchfield Park, AZ?

Number of Homes For Sale

Nov 2021Dec 2021%
4541-8.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 99
0.0%
3 1819
+5.6%
4 139
-30.8%
5+ 54
-20.0%

Number of Homes Sold

Nov 2021Dec 2021%
1215+25.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Litchfield Park, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
33 Days35 Days+5.1%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Litchfield Park are selling fast, if you're buying plan to act quickly.

About Litchfield Park, AZ

Homes for sale in Litchfield Park, AZ have reached 41. The number of listings in Litchfield Park, AZ decreased by 8.9% between November 2021 and December 2021. In December 2021 median list price was $498,500 and the average listing age was 35 days. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties went up by 16.7%, the cost of 2 bedrooms properties went up by 27.5%, prices of 3 bedrooms properties increased by 20.7%, prices of 4 bedrooms properties increased by 29.4%, 5 bedrooms properties prices increased by 10.2%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went up by 5.6%, the quantity of 4 bedrooms homes went down by 30.8%, number of 5 bedrooms homes decreased by 20%. While more than 7 listings in Litchfield Park, AZ in December 2021 were sold above asking price, there were more than 1 listings sold at asking price, and more than 7 were sold below.

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