Is Snowflake, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snowflake is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Snowflake was a Neutral Market.

Key Takeaway

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

Housing Prices in Snowflake, AZ

How much do homes in Snowflake, AZ cost?

Median Sold Price

$415,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$70,250(+20.4%)

Key Takeaway

Homes in Snowflake have sold for 20.4% more than they did a year ago.

Summary: The median home sold price in Snowflake was $415,000 in May 2024, up 20.4% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $246.5K$265K
+7.5%
3 $323K$380K
+17.6%
4 $350K$550K
+57.1%
5+ $674K$700K
+3.9%

Summary: Snowflake housing prices by bedroom type for May 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 17.6%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 3.9%.

Housing Supply in Snowflake, AZ

How many homes are available in Snowflake, AZ?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1116+45.5%

Summary: The Snowflake real estate market had 16 homes for sale in May 2024, a 45.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 01
+100.0%
3 67
+16.7%
4 33
0.0%
5+ 24
+100.0%

Summary: The Snowflake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snowflake, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Snowflake in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Snowflake, AZ

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

Average Sale Time

May 2023May 2024CHANGE
249 Days65 Days-73.9%

Summary: Homes in Snowflake had an average of 65 days on market in May 2024, down by 73.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Snowflake are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 4 homes were sold in Snowflake; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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

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