Is New River, 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, New River was a Seller's Market.
Housing Prices in New River, AZ
How much do homes in New River, AZ cost?
Median Sold Price
$625,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in New River was $625,000 in March 2024, down 2.6% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $570K | N/A |
2 Bedrooms | $398.7K | $555.7K | +39.4% |
3 Bedrooms | $625K | $600K | -4.0% |
4 Bedrooms | $667.5K | $640K | -4.1% |
5+ Bedrooms | $650K | $729.9K | +12.3% |
Summary: New River housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.4%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
Deer Valley | $604.7K | $615K | +1.7% |
Cave Creek | $799.9K | $806.1K | +0.8% |
New River | $642K | $625K | -2.6% |
Housing Supply in New River, AZ
How many homes are available in New River, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 60 | +20.0% |
Summary: The New River real estate market had 60 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The New River housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in New River in March 2024, down by 25.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for New River, AZ
How long does it take to sell a home in New River, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 65 Days | +6.5% |
Summary: Homes in New River had an average of 65 days on market in Mar 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in New River; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.