Is North Mountain, 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 Mountain has remained a Seller's Market.
Key Takeaway
North Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Mountain, AZ
How much do homes in North Mountain, AZ cost?
Median Sold Price
$380,348
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Mountain have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in North Mountain was $380,348 in March 2024, down 1.9% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $194.5K | -0.3% |
| 2 Bedrooms | $289.1K | $290K | 0.3% |
| 3 Bedrooms | $394.9K | $391.3K | -0.9% |
| 4 Bedrooms | $460.6K | $460.3K | -0.1% |
| 5+ Bedrooms | $753K | $699.5K | -7.1% |
Summary: North Mountain housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in North Mountain, AZ
How many homes are available in North Mountain, AZ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 574 | 655 | +14.1% |
Summary: The North Mountain real estate market had 655 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 18 | +38.5% |
| 2 Bedrooms | 141 | 152 | +7.8% |
| 3 Bedrooms | 244 | 283 | +16.0% |
| 4 Bedrooms | 145 | 168 | +15.9% |
| 5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The North Mountain housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 126 | 167 | +32.5% |
Asking Price vs. Sold Price
89 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Mountain, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 167 homes were sold or pending in North Mountain in March 2024, up by 32.5% month-over-month. Of the 167 sold homes, 53% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for North Mountain, AZ
How long does it take to sell a home in North Mountain, AZ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 54 Days | -19.6% |
Summary: Homes in North Mountain had an average of 54 days on market in Mar 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
73 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Mountain has remained consistent over time.
Summary: During March 2024, 167 homes were sold in North Mountain; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.