Is Gila 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, Gila County was a Seller's Market.
Housing Prices in Gila County, AZ
How much do homes in Gila County, AZ cost?
Median Sold Price
$446,925
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gila County was $446,925 in April 2024, up 9.1% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $259K | -7.5% |
2 Bedrooms | $343K | $357K | +4.1% |
3 Bedrooms | $435K | $465K | +6.9% |
4 Bedrooms | $593.5K | $668.5K | +12.6% |
5+ Bedrooms | $527.5K | $735K | +39.3% |
Summary: Gila County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 39.3%.
Median Sold Price Compared To Nearby Counties
Yavapai County | $535.2K | $585.9K | +9.5% |
Gila County | $409.4K | $446.9K | +9.1% |
Maricopa County | $465.8K | $473.7K | +1.7% |
Pinal County | $379.9K | $365K | -3.9% |
Housing Supply in Gila County, AZ
How many homes are available in Gila County, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
240 | 290 | +20.8% |
Summary: The Gila County real estate market had 290 homes for sale in April 2024, a 20.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 11 | +57.1% |
2 Bedrooms | 70 | 78 | +11.4% |
3 Bedrooms | 105 | 131 | +24.8% |
4 Bedrooms | 47 | 59 | +25.5% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Gila County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 57.1%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 24.8%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 48 | +71.4% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Gila County in April 2024, up by 71.4% month-over-month. Of the 48 sold homes, 83% were sold under asking, 15% were sold at asking, and 2% were sold over asking.
Days on Market for Gila County, AZ
How long does it take to sell a home in Gila County, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
92 Days | 86 Days | -6.8% |
Summary: Homes in Gila County had an average of 86 days on market in Apr 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Gila County; 40% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.