Is Alhambra, 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, Alhambra has remained a Seller's Market.
Housing Prices in Alhambra, AZ
How much do homes in Alhambra, AZ cost?
Median Sold Price
$369,077
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alhambra was $369,077 in April 2024, up 4.2% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136.5K | $145K | +6.2% |
2 Bedrooms | $251.5K | $224K | -10.9% |
3 Bedrooms | $353.9K | $363.1K | +2.6% |
4 Bedrooms | $412.5K | $436.9K | +5.9% |
5+ Bedrooms | $935K | $890K | -4.8% |
Summary: Alhambra housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in Alhambra, AZ
How many homes are available in Alhambra, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
368 | 396 | +7.6% |
Summary: The Alhambra real estate market had 396 homes for sale in April 2024, a 7.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 12 | +50.0% |
2 Bedrooms | 60 | 69 | +15.0% |
3 Bedrooms | 176 | 198 | +12.5% |
4 Bedrooms | 87 | 83 | -4.6% |
5+ Bedrooms | 37 | 34 | -8.1% |
Summary: The Alhambra housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 8.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 94 | +16.0% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 94 homes were sold or pending in Alhambra in April 2024, up by 16.0% month-over-month. Of the 94 sold homes, 59% were sold under asking, 22% were sold at asking, and 19% were sold over asking.
Days on Market for Alhambra, AZ
How long does it take to sell a home in Alhambra, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 53 Days | -15.1% |
Summary: Homes in Alhambra had an average of 53 days on market in Apr 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 94 homes were sold in Alhambra; 39% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.