Is Cochise County, 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, Cochise County was a Seller's Market.
Housing Prices in Cochise County, AZ
How much do homes in Cochise County, AZ cost?
Median Sold Price
$278,071
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cochise County was $278,071 in April 2024, up 4.6% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168K | $165K | -1.8% |
2 Bedrooms | $190K | $236K | +24.2% |
3 Bedrooms | $259.9K | $262.2K | +0.9% |
4 Bedrooms | $339.9K | $350K | +3.0% |
5+ Bedrooms | $419.7K | $390K | -7.1% |
Summary: Cochise County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in Cochise County, AZ
How many homes are available in Cochise County, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
680 | 728 | +7.1% |
Summary: The Cochise County real estate market had 728 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 31 | +10.7% |
2 Bedrooms | 103 | 118 | +14.6% |
3 Bedrooms | 345 | 350 | +1.4% |
4 Bedrooms | 166 | 192 | +15.7% |
5+ Bedrooms | 38 | 37 | -2.6% |
Summary: The Cochise County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 105 | +4.0% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 105 homes were sold or pending in Cochise County in April 2024, up by 4.0% month-over-month. Of the 105 sold homes, 60% were sold under asking, 26% were sold at asking, and 14% were sold over asking.
Days on Market for Cochise County, AZ
How long does it take to sell a home in Cochise County, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 99 Days | +27.0% |
Summary: Homes in Cochise County had an average of 99 days on market in Apr 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
43 Homes Were Sold
Over 90 Days
Summary: During April 2024, 105 homes were sold in Cochise County; 16% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.