Is The Village at Litchfield Park, 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, The Village at Litchfield Park has remained a Seller's Market.
Housing Prices in The Village at Litchfield Park, AZ
How much do homes in The Village at Litchfield Park, AZ cost?
Median Sold Price
$545,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The Village at Litchfield Park was $545,000 in April 2024, down 8% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.8K | $285K | +4.5% |
2 Bedrooms | $366K | $315K | -13.9% |
3 Bedrooms | $577.5K | $550K | -4.8% |
4 Bedrooms | $800K | $805K | +0.6% |
5+ Bedrooms | $835K | $870K | +4.2% |
Summary: The Village at Litchfield Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
Yucca | $459.9K | $459.5K | -0.1% |
The Village at Litchfield Park | $592.5K | $545K | -8.0% |
Housing Supply in The Village at Litchfield Park, AZ
How many homes are available in The Village at Litchfield Park, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Summary: The The Village at Litchfield Park real estate market had 19 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The The Village at Litchfield Park 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 decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in The Village at Litchfield Park in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for The Village at Litchfield Park, AZ
How long does it take to sell a home in The Village at Litchfield Park, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
173 Days | 38 Days | -77.9% |
Summary: Homes in The Village at Litchfield Park had an average of 38 days on market in Apr 2024, down by 77.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in The Village at Litchfield Park; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.