Is Navajo County, 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, Navajo County was a Seller's Market.
Key Takeaway
Navajo County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Navajo County, AZ
How much do homes in Navajo County, AZ cost?
Median Sold Price
$455,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Navajo County have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Navajo County was $455,000 in March 2024, up 8.2% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $230K | +31.4% |
| 2 Bedrooms | $325K | $324.5K | -0.2% |
| 3 Bedrooms | $449.2K | $490K | +9.1% |
| 4 Bedrooms | $575K | $691.2K | +20.2% |
| 5+ Bedrooms | $750K | $790K | +5.3% |
Summary: Navajo County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in Navajo County, AZ
How many homes are available in Navajo County, AZ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 192 | 241 | +25.5% |
Summary: The Navajo County real estate market had 241 homes for sale in March 2024, a 25.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 33 | 46 | +39.4% |
| 3 Bedrooms | 104 | 126 | +21.2% |
| 4 Bedrooms | 33 | 38 | +15.2% |
| 5+ Bedrooms | 13 | 20 | +53.8% |
Summary: The Navajo County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 39.4%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 53.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Navajo County, you may be able to get a good deal. 72% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Navajo County in March 2024, up by 8.7% month-over-month. Of the 25 sold homes, 72% were sold under asking, 24% were sold at asking, and 4% were sold over asking.
Days on Market for Navajo County, AZ
How long does it take to sell a home in Navajo County, AZ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 96 Days | 84 Days | -12.2% |
Summary: Homes in Navajo County had an average of 84 days on market in Mar 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Navajo County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 25 homes were sold in Navajo County; 28% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.
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