Is Wittmann, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wittmann is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Wittmann was a Seller's Market.

Key Takeaway

Wittmann is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wittmann, AZ

How much do homes in Wittmann, AZ cost?

Median Sold Price

$560,000

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$11,000(+2.0%)

Key Takeaway

Homes in Wittmann have sold for 2% more than they did a year ago.

Summary: The median home sold price in Wittmann was $560,000 in February 2024, up 2% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $415K$800K
+92.8%
3 $454.9K$482.4K
+6.0%
4 $572.5K$586K
+2.4%
5+ $735K$587.5K
-20.1%

Summary: Wittmann housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 92.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 20.1%.

Median Sold Price Compared To Nearby Cities

Morristown
+76.9%
Wittmann
+2.0%
Surprise
-6.6%
Buckeye
-8.8%

Housing Supply in Wittmann, AZ

How many homes are available in Wittmann, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8487+3.6%

Summary: The Wittmann real estate market had 87 homes for sale in February 2024, a 3.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 4546
+2.2%
4 3034
+13.3%
5+ 65
-16.7%

Summary: The Wittmann housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wittmann, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Wittmann in February 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Wittmann, AZ

How long does it take to sell a home in Wittmann, AZ?

Average Sale Time

Feb 2023Feb 2024CHANGE
169 Days79 Days-53.2%

Summary: Homes in Wittmann had an average of 79 days on market in Feb 2024, down by 53.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wittmann are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 7 homes were sold in Wittmann; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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