Is Verrado, 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, Verrado has remained a Seller's Market.
Housing Prices in Verrado, AZ
How much do homes in Verrado, AZ cost?
Median Sold Price
$548,500
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Verrado was $548,500 in April 2024, down 2.1% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $429.5K | N/A |
2 Bedrooms | $500K | $517.5K | +3.5% |
3 Bedrooms | $499K | $530K | +6.2% |
4 Bedrooms | $617.4K | $585K | -5.3% |
5+ Bedrooms | $711K | $772.1K | +8.6% |
Summary: Verrado 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 3.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Neighborhoods
Verrado | $560K | $548.5K | -2.1% |
Pasqualetti Mountain Ranch | $989.6K | $603.5K | -39.0% |
Housing Supply in Verrado, AZ
How many homes are available in Verrado, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
203 | 188 | -7.4% |
Summary: The Verrado real estate market had 188 homes for sale in April 2024, a 7.4% 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 | 52 | 46 | -11.5% |
3 Bedrooms | 80 | 72 | -10.0% |
4 Bedrooms | 56 | 55 | -1.8% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Verrado 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 11.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 36 | -10.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Verrado in April 2024, down by 10.0% month-over-month. Of the 36 sold homes, 67% were sold under asking, 28% were sold at asking, and 6% were sold over asking.
Days on Market for Verrado, AZ
How long does it take to sell a home in Verrado, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
93 Days | 93 Days | -0.3% |
Summary: Homes in Verrado had an average of 93 days on market in Apr 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Verrado; 31% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.