Is Pierson Place, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Pierson Place was a Seller's Market.
Housing Prices in Pierson Place, AZ
How much do homes in Pierson Place, AZ cost?
Median Sold Price
$245,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pierson Place was $245,000 in April 2024, up 6.5% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.4K | $180K | -11.1% |
2 Bedrooms | $318.7K | $255K | -20.0% |
3 Bedrooms | $514.9K | $694.5K | +34.9% |
4 Bedrooms | $890K | $680K | -23.6% |
5+ Bedrooms | - | $542K | N/A |
Summary: Pierson Place housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 34.9%, 4 bedroom homes decreased by 23.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Windsor Square | $807.5K | $870K | +7.7% |
Pierson Place | $230K | $245K | +6.5% |
Medlock Place | $580K | $600K | +3.4% |
Midtown | $419.7K | $425K | +1.3% |
Housing Supply in Pierson Place, AZ
How many homes are available in Pierson Place, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Pierson Place real estate market had 23 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 19 | +5.6% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Pierson Place housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Pierson Place in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Pierson Place, AZ
How long does it take to sell a home in Pierson Place, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 47 Days | -40.3% |
Summary: Homes in Pierson Place had an average of 47 days on market in Apr 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Pierson Place; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.