Is Norterra Pointe, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Norterra Pointe has remained a Seller's Market.
Housing Prices in Norterra Pointe, AZ
How much do homes in Norterra Pointe, AZ cost?
Median Sold Price
$579,990
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Norterra Pointe was $579,990 in April 2024, up 15.4% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $467.5K | $432K | -7.6% |
4 Bedrooms | $625K | $582.4K | -6.8% |
5+ Bedrooms | $1.1M | $859.2K | -26.9% |
Summary: Norterra Pointe 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 7.6%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Neighborhoods
Norterra Pointe | $502.5K | $579.9K | +15.4% |
North Gateway | $600K | $639.9K | +6.7% |
Housing Supply in Norterra Pointe, AZ
How many homes are available in Norterra Pointe, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Summary: The Norterra Pointe real estate market had 12 homes for sale in April 2024, a 20.0% 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 | 1 | +100.0% |
3 Bedrooms | 1 | 0 | -100.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Norterra Pointe 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 increased by 100%, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Norterra Pointe in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Norterra Pointe, AZ
How long does it take to sell a home in Norterra Pointe, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 85 Days | +5.9% |
Summary: Homes in Norterra Pointe had an average of 85 days on market in Apr 2024, up by 5.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Norterra Pointe; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.