Is Watson Estates, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Watson Estates was a Buyer's Market.
Housing Prices in Watson Estates, AZ
How much do homes in Watson Estates, AZ cost?
Median Sold Price
$357,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Watson Estates was $357,000 in April 2024, down 11.9% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $399.9K | $350.9K | -12.2% |
4 Bedrooms | $415K | $369.9K | -10.8% |
5+ Bedrooms | $415K | $382K | -8.0% |
Summary: Watson Estates 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 did not change, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Neighborhoods
Sundance | $390.9K | $377.5K | -3.5% |
Watson Estates | $405K | $357K | -11.9% |
Housing Supply in Watson Estates, AZ
How many homes are available in Watson Estates, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 20 | +53.8% |
Summary: The Watson Estates real estate market had 20 homes for sale in April 2024, a 53.8% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 8 | 6 | -25.0% |
4 Bedrooms | 5 | 14 | +180.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Watson Estates 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 180%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Watson Estates in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Watson Estates, AZ
How long does it take to sell a home in Watson Estates, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
81 Days | 28 Days | -65.6% |
Summary: Homes in Watson Estates had an average of 28 days on market in Apr 2024, down by 65.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Watson Estates; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.