Is Midtown, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Midtown was a Seller's Market.
Housing Prices in Midtown, AZ
How much do homes in Midtown, AZ cost?
Median Sold Price
$430,000
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Midtown was $430,000 in March 2024, up 1.2% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $281K | $247.5K | -11.9% |
2 Bedrooms | $427.5K | $408K | -4.6% |
3 Bedrooms | $624.9K | $740K | +18.4% |
4 Bedrooms | $885K | $862K | -2.6% |
5+ Bedrooms | $1.7M | $796K | -53.2% |
Summary: Midtown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 53.2%.
Median Sold Price Compared To Nearby Neighborhoods
Midtown | $425K | $430K | +1.2% |
Brick Commons | $282.5K | $279.9K | -0.9% |
Encanto | $464.7K | $460K | -1.0% |
Housing Supply in Midtown, AZ
How many homes are available in Midtown, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
145 | 164 | +13.1% |
Summary: The Midtown real estate market had 164 homes for sale in March 2024, a 13.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 32 | +10.3% |
2 Bedrooms | 76 | 85 | +11.8% |
3 Bedrooms | 25 | 34 | +36.0% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Midtown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 36%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 25 | +66.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Midtown in March 2024, up by 66.7% month-over-month. Of the 25 sold homes, 60% were sold under asking, 32% were sold at asking, and 8% were sold over asking.
Days on Market for Midtown, AZ
How long does it take to sell a home in Midtown, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 83 Days | +49.7% |
Summary: Homes in Midtown had an average of 83 days on market in Mar 2024, up by 49.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Midtown; 24% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.