Is Sierra Verde / Arrowhead Ranch Phase V, 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, Sierra Verde / Arrowhead Ranch Phase V has remained a Seller's Market.
Housing Prices in Sierra Verde / Arrowhead Ranch Phase V, AZ
How much do homes in Sierra Verde / Arrowhead Ranch Phase V, AZ cost?
Median Sold Price
$595,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sierra Verde / Arrowhead Ranch Phase V was $595,000 in April 2024, down 1.5% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $571K | $572.5K | 0.3% |
3 Bedrooms | $534K | $527.5K | -1.2% |
4 Bedrooms | $638K | $600K | -6.0% |
5+ Bedrooms | $791K | $665K | -15.9% |
Summary: Sierra Verde / Arrowhead Ranch Phase V 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 0.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 15.9%.
Housing Supply in Sierra Verde / Arrowhead Ranch Phase V, AZ
How many homes are available in Sierra Verde / Arrowhead Ranch Phase V, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 30 | +3.4% |
Summary: The Sierra Verde / Arrowhead Ranch Phase V real estate market had 30 homes for sale in April 2024, a 3.4% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 7 | 12 | +71.4% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Sierra Verde / Arrowhead Ranch Phase V 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 increased by 71.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Sierra Verde / Arrowhead Ranch Phase V in April 2024, up by 22.2% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for Sierra Verde / Arrowhead Ranch Phase V, AZ
How long does it take to sell a home in Sierra Verde / Arrowhead Ranch Phase V, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 74 Days | +19.9% |
Summary: Homes in Sierra Verde / Arrowhead Ranch Phase V had an average of 74 days on market in Apr 2024, up by 19.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Sierra Verde / Arrowhead Ranch Phase V; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.