Is Desert Mountain, 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, Desert Mountain was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.4M | $1.1M | -25.1% |
3 Bedrooms | $2.0M | $2.0M | -0.5% |
4 Bedrooms | $3.3M | $3.0M | -8.9% |
5+ Bedrooms | $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 2024 | Apr 2024 | CHANGE |
---|---|---|
123 | 133 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 33 | 33 | 0.0% |
4 Bedrooms | 60 | 66 | +10.0% |
5+ Bedrooms | 27 | 32 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 20 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
126 Days | 109 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
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.