Is Desert Mountain, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Desert Mountain is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Desert Mountain was a Buyer's Market.

Key Takeaway

Desert Mountain is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Desert Mountain, AZ

How much do homes in Desert Mountain, AZ cost?

Median Sold Price

$2,650,000

$648/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$110,500(+4.4%)

Key Takeaway

Homes in Desert Mountain have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Desert Mountain was $2,650,000 in April 2024, up 4.4% from last year, and the median price per square foot was $648.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $1.4M$1.1M
-25.1%
3 $2.0M$2.0M
-0.5%
4 $3.3M$3.0M
-8.9%
5+ $3.8M$4.0M
+3.9%

Summary: Desert Mountain 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 decreased by 25.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 3.9%.

Housing Supply in Desert Mountain, AZ

How many homes are available in Desert Mountain, AZ?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
123133+8.1%

Summary: The Desert Mountain real estate market had 133 homes for sale in April 2024, a 8.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 3333
0.0%
4 6066
+10.0%
5+ 2732
+18.5%

Summary: The Desert Mountain 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 18.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
820+150.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Desert Mountain, you may be able to get a good deal. 85% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Desert Mountain in April 2024, up by 150.0% month-over-month. Of the 20 sold homes, 85% were sold under asking, 10% were sold at asking, and 5% were sold over asking.

Days on Market for Desert Mountain, AZ

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

Average Sale Time

Apr 2023Apr 2024CHANGE
126 Days109 Days-13.2%

Summary: Homes in Desert Mountain had an average of 109 days on market in Apr 2024, down by 13.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Desert Mountain has remained consistent over time.

Summary: During April 2024, 20 homes were sold in Desert Mountain; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% 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 13 Days Ago

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