Is Pinetop, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Pinetop was a Buyer's Market.
Housing Prices in Pinetop, AZ
How much do homes in Pinetop, AZ cost?
Median Sold Price
$605,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Pinetop was $605,000 in June 2024, up 15.2% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $415K | $412.5K | -0.6% |
3 Bedrooms | $516.9K | $584.4K | +13.1% |
4 Bedrooms | $620K | $767K | +23.7% |
5+ Bedrooms | $737.5K | $932.5K | +26.4% |
Summary: Pinetop housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
Pinetop | $525K | $605K | +15.2% |
Lakeside | $412K | $414K | 0.5% |
Pinetop-Lakeside | $450K | $450K | 0.0% |
Housing Supply in Pinetop, AZ
How many homes are available in Pinetop, AZ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
46 | 58 | +26.1% |
Summary: The Pinetop real estate market had 58 homes for sale in June 2024, a 26.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 24 | 35 | +45.8% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Pinetop housing inventory by bedroom type for June 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 45.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Pinetop in June 2024, up by 100.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Pinetop, AZ
How long does it take to sell a home in Pinetop, AZ?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
62 Days | 80 Days | +29.1% |
Summary: Homes in Pinetop had an average of 80 days on market in Jun 2024, up by 29.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 12 homes were sold in Pinetop; 25% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.