Is New River, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New River is a neutral's market

Buyer's
Market

Difference Since August 2021

At the same time last year, New River was a Seller's Market.

Key Takeaway

New River is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in New River, AZ cost?

Median Sold Price

$625,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$136,750(+28.0%)

Key Takeaway

Homes in New River have sold for 28% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $200K$338K
+69.0%
2 $305K$407.5K
+33.6%
3 $460K$608.7K
+32.3%
4 $490K$663.7K
+35.5%
5+ $551.2K$642.5K
+16.6%

Median Sold Price Compared To Nearby Cities

Cave Creek
+43.2%
New River
+28.0%
Deer Valley
+22.2%
Black Canyon City
+20.5%

How many homes are available in New River, AZ?

Number of Homes For Sale

Jul 2022Aug 2022%
7484+13.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 32
-33.3%
3 3536
+2.9%
4 2328
+21.7%
5+ 1318
+38.5%

Number of Homes Sold

Jul 2022Aug 2022%
14140.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New River, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
34 Days49 Days+40.3%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New River has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About New River, AZ

New River, AZ has 84 homes for sale to choose from. The number of homes for sale in New River, AZ increased by 13.5% between July 2022 and August 2022. In August 2022, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $625,000. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 69%, the cost of 2 bedrooms properties went up by 33.6%, prices of 3 bedrooms properties increased by 32.3%, prices of 4 bedrooms properties increased by 35.5%, 5 bedrooms properties became 16.6% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 33.3%, volume of 3 bedrooms homes went up by 2.9%, 4 bedrooms homes inventory increased by 21.7%, number of 5 bedrooms homes increased by 38.5%. In August 2022, from all listings sold in New River, AZ there were more than 1 sold above asking price, over 8 sold below and more than 5 were sold right at the asked price.

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