Is Villa Monterey, 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, Villa Monterey has remained a Seller's Market.
Housing Prices in Villa Monterey, AZ
How much do homes in Villa Monterey, AZ cost?
Median Sold Price
$467,500
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Villa Monterey was $467,500 in April 2024, up 7.5% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252.5K | $363.5K | +44.0% |
2 Bedrooms | $433K | $451K | +4.2% |
3 Bedrooms | $490K | $500K | +2.0% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Villa Monterey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Villa Monterey | $435K | $467.5K | +7.5% |
Indian Bend | $565K | $583.6K | +3.3% |
La Villita | $665K | $685K | +3.0% |
Housing Supply in Villa Monterey, AZ
How many homes are available in Villa Monterey, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 32 | 0.0% |
Summary: The Villa Monterey real estate market had 32 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 | 4 | 5 | +25.0% |
2 Bedrooms | 23 | 22 | -4.3% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Villa Monterey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Villa Monterey in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Villa Monterey, AZ
How long does it take to sell a home in Villa Monterey, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 45 Days | -7.9% |
Summary: Homes in Villa Monterey had an average of 45 days on market in Apr 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Villa Monterey; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.