Is North Gateway, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, North Gateway has remained a Seller's Market.
Housing Prices in North Gateway, AZ
How much do homes in North Gateway, AZ cost?
Median Sold Price
$640,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Gateway was $640,000 in March 2024, up 4.9% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $490K | $406K | -17.1% |
3 Bedrooms | $520K | $540K | +3.8% |
4 Bedrooms | $655K | $685.9K | +4.7% |
5+ Bedrooms | $775K | $735K | -5.2% |
Summary: North Gateway 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 decreased by 17.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
Allegro | $494.9K | $520K | +5.1% |
North Gateway | $609.9K | $640K | +4.9% |
Tramonto | $570K | $595K | +4.4% |
Housing Supply in North Gateway, AZ
How many homes are available in North Gateway, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
126 | 148 | +17.5% |
Summary: The North Gateway real estate market had 148 homes for sale in March 2024, a 17.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 38 | 45 | +18.4% |
4 Bedrooms | 64 | 70 | +9.4% |
5+ Bedrooms | 14 | 21 | +50.0% |
Summary: The North Gateway housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 37 | +68.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in North Gateway in March 2024, up by 68.2% month-over-month. Of the 37 sold homes, 59% were sold under asking, 30% were sold at asking, and 11% were sold over asking.
Days on Market for North Gateway, AZ
How long does it take to sell a home in North Gateway, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
74 Days | 60 Days | -19.6% |
Summary: Homes in North Gateway had an average of 60 days on market in Mar 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in North Gateway; 43% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.