Is Sonoran Foothills, 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, Sonoran Foothills has remained a Seller's Market.
Housing Prices in Sonoran Foothills, AZ
How much do homes in Sonoran Foothills, AZ cost?
Median Sold Price
$689,500
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sonoran Foothills was $689,500 in April 2024, up 10.3% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $503.2K | $485K | -3.6% |
3 Bedrooms | $525K | $500K | -4.8% |
4 Bedrooms | $720K | $727.5K | +1.0% |
5+ Bedrooms | $862.5K | $735K | -14.8% |
Summary: Sonoran Foothills 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 3.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Neighborhoods
Sonoran Foothills | $625K | $689.5K | +10.3% |
North Gateway | $600K | $639.9K | +6.7% |
Desert View | $698.6K | $716.2K | +2.5% |
Housing Supply in Sonoran Foothills, AZ
How many homes are available in Sonoran Foothills, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 40 | +8.1% |
Summary: The Sonoran Foothills real estate market had 40 homes for sale in April 2024, a 8.1% 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 | 3 | 4 | +33.3% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Sonoran Foothills 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 16 | +166.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Sonoran Foothills in April 2024, up by 166.7% month-over-month. Of the 16 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Sonoran Foothills, AZ
How long does it take to sell a home in Sonoran Foothills, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 53 Days | -19.4% |
Summary: Homes in Sonoran Foothills had an average of 53 days on market in Apr 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
8 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, 16 homes were sold in Sonoran Foothills; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.