Is Pinnacle Peak, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pinnacle Peak has remained a Seller's Market.
Housing Prices in Pinnacle Peak, AZ
How much do homes in Pinnacle Peak, AZ cost?
Median Sold Price
$1,265,000
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pinnacle Peak was $1,265,000 in April 2024, up 5.4% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $677.5K | $728.5K | +7.5% |
3 Bedrooms | $855K | $875K | +2.3% |
4 Bedrooms | $1.4M | $1.6M | +18.1% |
5+ Bedrooms | $2.8M | $2.2M | -21.1% |
Summary: Pinnacle Peak housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 21.1%.
Housing Supply in Pinnacle Peak, AZ
How many homes are available in Pinnacle Peak, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
142 | 157 | +10.6% |
Summary: The Pinnacle Peak real estate market had 157 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 43 | 50 | +16.3% |
4 Bedrooms | 54 | 57 | +5.6% |
5+ Bedrooms | 36 | 40 | +11.1% |
Summary: The Pinnacle Peak housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 33 | +43.5% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Pinnacle Peak in April 2024, up by 43.5% month-over-month. Of the 33 sold homes, 85% were sold under asking, 9% were sold at asking, and 6% were sold over asking.
Days on Market for Pinnacle Peak, AZ
How long does it take to sell a home in Pinnacle Peak, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 82 Days | +13.9% |
Summary: Homes in Pinnacle Peak had an average of 82 days on market in Apr 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Pinnacle Peak; 24% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.