Is New Papago Parkway, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, New Papago Parkway was a Seller's Market.
Housing Prices in New Papago Parkway, AZ
How much do homes in New Papago Parkway, AZ cost?
Median Sold Price
$575,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Papago Parkway was $575,000 in April 2024, down 4.2% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $455K | - | N/A |
3 Bedrooms | $560K | $520.7K | -7.0% |
4 Bedrooms | $721K | $695K | -3.6% |
5+ Bedrooms | - | $879K | N/A |
Summary: New Papago Parkway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
South Scottsdale | $546.3K | $548K | 0.3% |
New Papago Parkway | $600K | $575K | -4.2% |
Housing Supply in New Papago Parkway, AZ
How many homes are available in New Papago Parkway, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Summary: The New Papago Parkway real estate market had 17 homes for sale in April 2024, a 30.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The New Papago Parkway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in New Papago Parkway in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for New Papago Parkway, AZ
How long does it take to sell a home in New Papago Parkway, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 153 Days | +404.4% |
Summary: Homes in New Papago Parkway had an average of 153 days on market in Apr 2024, up by 404.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in New Papago Parkway; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.