Is Sierra Montaña, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Sierra Montaña was a Seller's Market.
Housing Prices in Sierra Montaña, AZ
How much do homes in Sierra Montaña, AZ cost?
Median Sold Price
$417,944
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sierra Montaña was $417,944 in April 2024, down 9.1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $376.7K | $319K | -15.3% |
3 Bedrooms | $405K | $400K | -1.2% |
4 Bedrooms | $474K | $428K | -9.7% |
5+ Bedrooms | $534.5K | $524K | -2.0% |
Summary: Sierra Montaña 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 decreased by 15.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
Surprise Farms | $460.7K | $425K | -7.8% |
Sierra Montaña | $460K | $417.9K | -9.1% |
Housing Supply in Sierra Montaña, AZ
How many homes are available in Sierra Montaña, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 26 | -13.3% |
Summary: The Sierra Montaña real estate market had 26 homes for sale in April 2024, a 13.3% decrease 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 | 0 | 1 | +100.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 17 | 15 | -11.8% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Sierra Montaña 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 2 | -81.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Sierra Montaña in April 2024, down by 81.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Sierra Montaña, AZ
How long does it take to sell a home in Sierra Montaña, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 50 Days | -40.7% |
Summary: Homes in Sierra Montaña had an average of 50 days on market in Apr 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Sierra Montaña; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.