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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinetop-Lakeside is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Pinetop-Lakeside has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Pinetop-Lakeside, AZ

How much do homes in Pinetop-Lakeside, AZ cost?

Median Sold Price

$524,500

$294/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$265,500(-33.6%)

Key Takeaway

Homes in Pinetop-Lakeside have sold for 33.6% less than they did a month ago.

Summary: The median home sold price in Pinetop-Lakeside was $524,500 in May 2024, down 33.6% from last month, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $640K$524.5K
-18.0%
4 --
N/A
5+ $940K-
N/A

Summary: Pinetop-Lakeside housing prices by bedroom type for May 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 18%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Pinetop-Lakeside, AZ

How many homes are available in Pinetop-Lakeside, AZ?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2328+21.7%

Summary: The Pinetop-Lakeside real estate market had 28 homes for sale in May 2024, a 21.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 912
+33.3%
4 88
0.0%
5+ 21
-50.0%

Summary: The Pinetop-Lakeside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinetop-Lakeside, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Pinetop-Lakeside in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Pinetop-Lakeside, AZ

How long does it take to sell a home in Pinetop-Lakeside, AZ?

Average Sale Time

Apr 2024May 2024CHANGE
30 Days109 Days+265.0%

Summary: Homes in Pinetop-Lakeside had an average of 109 days on market in May 2024, up by 265% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pinetop-Lakeside are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Pinetop-Lakeside; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

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