Is Pearce, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pearce is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Pearce has remained a Buyer's Market.

Key Takeaway

Pearce is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pearce, AZ

How much do homes in Pearce, AZ cost?

Median Sold Price

$158,250

$101/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$12,750(-7.5%)

Key Takeaway

Homes in Pearce have sold for 7.5% less than they did a month ago.

Summary: The median home sold price in Pearce was $158,250 in March 2024, down 7.5% from last month, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 -$171.5K
N/A
3 $171K$89K
-48.0%
4 -$544.5K
N/A
5+ --
N/A

Summary: Pearce housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 48%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Elfrida
+291.7%
Pearce
-7.5%

Housing Supply in Pearce, AZ

How many homes are available in Pearce, AZ?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2831+10.7%

Summary: The Pearce real estate market had 31 homes for sale in March 2024, a 10.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 44
0.0%
2 67
+16.7%
3 1315
+15.4%
4 55
0.0%
5+ 00
0.0%

Summary: The Pearce 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 16.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pearce, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Pearce in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Pearce, AZ

How long does it take to sell a home in Pearce, AZ?

Average Sale Time

Feb 2024Mar 2024CHANGE
36 Days192 Days+434.0%

Summary: Homes in Pearce had an average of 192 days on market in Mar 2024, up by 434% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pearce are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 4 homes were sold in Pearce; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Pearce, AZ

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