Is New River, 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, New River was a Seller's Market.
Housing Prices in New River, AZ
How much do homes in New River, AZ cost?
Median Sold Price
$624,500
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New River was $624,500 in April 2024, down 3.1% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $570K | N/A |
2 Bedrooms | $366K | $555.7K | +51.8% |
3 Bedrooms | $635K | $600K | -5.5% |
4 Bedrooms | $650K | $655K | +0.8% |
5+ Bedrooms | $650K | $729.9K | +12.3% |
Summary: New River 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 increased by 51.8%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
Morristown | $263K | $375K | +42.6% |
Deer Valley | $600.6K | $615.8K | +2.5% |
Cave Creek | $797.4K | $805.4K | +1.0% |
New River | $644.5K | $624.5K | -3.1% |
Housing Supply in New River, AZ
How many homes are available in New River, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 69 | +15.0% |
Summary: The New River real estate market had 69 homes for sale in April 2024, a 15.0% 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 | 1 | 0 | -100.0% |
3 Bedrooms | 21 | 24 | +14.3% |
4 Bedrooms | 26 | 32 | +23.1% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The New River 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 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in New River in April 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 71% were sold at asking, and 0% were sold over asking.
Days on Market for New River, AZ
How long does it take to sell a home in New River, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 73 Days | +10.0% |
Summary: Homes in New River had an average of 73 days on market in Apr 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in New River; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.