Is Rovey Farm Estates, 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, Rovey Farm Estates has remained a Seller's Market.
Housing Prices in Rovey Farm Estates, AZ
How much do homes in Rovey Farm Estates, AZ cost?
Median Sold Price
$588,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rovey Farm Estates was $588,000 in April 2024, up 8.1% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $535K | $450K | -15.9% |
4 Bedrooms | $510K | $559K | +9.6% |
5+ Bedrooms | $730K | $650K | -11.0% |
Summary: Rovey Farm Estates 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 did not change, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Neighborhoods
Rovey Farm Estates | $544K | $588K | +8.1% |
Acacia | $365K | $375K | +2.7% |
Housing Supply in Rovey Farm Estates, AZ
How many homes are available in Rovey Farm Estates, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The Rovey Farm Estates real estate market had 15 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Rovey Farm Estates 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Rovey Farm Estates in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Rovey Farm Estates, AZ
How long does it take to sell a home in Rovey Farm Estates, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 83 Days | +53.5% |
Summary: Homes in Rovey Farm Estates had an average of 83 days on market in Apr 2024, up by 53.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Rovey Farm Estates; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.