Is Litchfield Park, 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, Litchfield Park has remained a Seller's Market.
Housing Prices in Litchfield Park, AZ
How much do homes in Litchfield Park, AZ cost?
Median Sold Price
$497,738
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Litchfield Park was $497,738 in March 2024, down 7.1% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.8K | $285K | +4.5% |
2 Bedrooms | $415K | $360K | -13.3% |
3 Bedrooms | $474.9K | $469.9K | -1.1% |
4 Bedrooms | $602.2K | $501.9K | -16.6% |
5+ Bedrooms | $655K | $682.5K | +4.2% |
Summary: Litchfield Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in Litchfield Park, AZ
How many homes are available in Litchfield Park, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
306 | 322 | +5.2% |
Summary: The Litchfield Park real estate market had 322 homes for sale in March 2024, a 5.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 104 | 110 | +5.8% |
4 Bedrooms | 123 | 131 | +6.5% |
5+ Bedrooms | 71 | 70 | -1.4% |
Summary: The Litchfield Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 1.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 79 | +38.6% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Litchfield Park in March 2024, up by 38.6% month-over-month. Of the 79 sold homes, 56% were sold under asking, 34% were sold at asking, and 10% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
81 Days | 85 Days | +5.4% |
Summary: Homes in Litchfield Park had an average of 85 days on market in Mar 2024, up by 5.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Summary: During March 2024, 79 homes were sold in Litchfield Park; 28% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.