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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinetop is a neutral's market

Buyer's
Market

Difference Since December 2021

At the same time last year, Pinetop was a Seller's Market.

Key Takeaway

Pinetop is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Pinetop, AZ cost?

Median Sold Price

$563,000

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$61,500(+12.3%)

Key Takeaway

Homes in Pinetop have sold for 12.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $310K-
N/A
2 $356.4K$450K
+26.2%
3 $480K$510.2K
+6.3%
4 $660K$620K
-6.1%
5+ $670K$750K
+11.9%

Median Sold Price Compared To Nearby Cities

Pinetop
+12.3%
Pinetop-Lakeside
+4.8%
Lakeside
-0.9%

How many homes are available in Pinetop, AZ?

Number of Homes For Sale

Nov 2022Dec 2022%
2528+12.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 54
-20.0%
3 1013
+30.0%
4 79
+28.6%
5+ 32
-33.3%

Number of Homes Sold

Nov 2022Dec 2022%
54-20.0%

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 Pinetop, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
48 Days66 Days+37.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pinetop has remained consistent over time.

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

About Pinetop, AZ

Homes for sale in Pinetop, AZ have reached 28. The number of homes for sale in Pinetop, AZ increased by 12% between November 2022 and December 2022. The median list price of listings available in December 2022 was $563,000, while the average time on the real estate market was 66 days. This housing market listing prices have changed between November 2022 and December 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 26.2%, prices of 3 bedrooms properties increased by 6.3%, the cost of 4 bedrooms properties went down by 6.1%, the cost of 5 bedrooms properties went up by 11.9%. This housing market inventory have changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went down by 20%, 3 bedrooms homes became 30% more available, 4 bedrooms homes became 28.6% more available, the quantity of 5 bedrooms homes went down by 33.3%. In December 2022 more than 0 listings in Pinetop, AZ were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 3 were sold below.

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