Is Show Low, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Show Low is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Show Low has remained a Seller's Market.

Key Takeaway

Show Low is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Show Low, AZ

How much do homes in Show Low, AZ cost?

Median Sold Price

$505,000

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,000(+2.0%)

Key Takeaway

Homes in Show Low have sold for 2% more than they did a year ago.

Summary: The median home sold price in Show Low was $505,000 in May 2024, up 2% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $275K$235K
-14.5%
2 $332.5K$329K
-1.1%
3 $504K$530K
+5.2%
4 $762K$825K
+8.3%
5+ $1.4M$864.9K
-38.2%

Summary: Show Low housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 38.2%.

Median Sold Price Compared To Nearby Cities

Show Low
+2.0%
Lakeside
0.0%

Housing Supply in Show Low, AZ

How many homes are available in Show Low, AZ?

Number of Homes For Sale

Apr 2024May 2024CHANGE
101112+10.9%

Summary: The Show Low real estate market had 112 homes for sale in May 2024, a 10.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 54
-20.0%
2 1721
+23.5%
3 5560
+9.1%
4 1720
+17.6%
5+ 77
0.0%

Summary: The Show Low housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1424+71.4%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Show Low, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Show Low in May 2024, up by 71.4% month-over-month. Of the 24 sold homes, 63% were sold under asking, 29% were sold at asking, and 8% were sold over asking.

Days on Market for Show Low, AZ

How long does it take to sell a home in Show Low, AZ?

Average Sale Time

May 2023May 2024CHANGE
97 Days72 Days-25.0%

Summary: Homes in Show Low had an average of 72 days on market in May 2024, down by 25% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Show Low has remained consistent over time.

Summary: During May 2024, 24 homes were sold in Show Low; 25% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 29% 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

Newest Listings in Show Low, AZ

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