How much do homes in New River, AZ cost?

Median List Price

$499,900

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$103,900(+26.2%)

Key Takeaway

The list price of homes in New River has increased by 26.2% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 -$281.5KN/A
2 $314.8K$357K+13.4%
3 $380K$480K+26.3%
4 $409.9K$512.4K+25.0%
5+ $454.9K$599.9K+31.9%

Median List Price Compared To Nearby Cities

New River
+26.2%
Deer Valley
+23.1%
Black Canyon City
+19.6%
Cave Creek
+15.6%
Morristown
+4.5%

How many homes are available in New River, AZ?

Number of Homes For Sale

Jul 2021Aug 2021%
7377+5.5%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 110.0%
2 440.0%
3 2930+3.4%
4 2122+4.8%
5+ 1820+11.1%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
98 Days72 Days-26.0%

Breakdown of Home Sale Times

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Key Takeaway

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About New River, AZ

There are 77 homes are for sale in New River, AZ real estate market. The number of listings in New River, AZ increased by 5.5% between July 2021 and August 2021. While the average time on the market in August 2021 was 72 days, the median list price was $499,900. From July 2021 through August 2021, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 13.4% more expensive, prices of 3 bedrooms properties increased by 26.3%, prices of 4 bedrooms properties increased by 25%, 5 bedrooms properties became 31.9% 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, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went up by 3.4%, volume of 4 bedrooms homes went up by 4.8%, volume of 5 bedrooms homes went up by 11.1%. Over 7 listings were sold over their listed price in August 2021 in New River, AZ. In the same period over 5 listings were sold below the listed price and 4 listings were sold for the listed price.

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