Is North Central Corridor, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Central Corridor has remained a Seller's Market.
Housing Prices in North Central Corridor, AZ
How much do homes in North Central Corridor, AZ cost?
Median Sold Price
$1,125,000
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Central Corridor was $1,125,000 in April 2024, up 20.3% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $670K | - | N/A |
2 Bedrooms | $450K | $510K | +13.3% |
3 Bedrooms | $783.9K | $862.5K | +10.0% |
4 Bedrooms | $1.0M | $1.3M | +32.1% |
5+ Bedrooms | $1.5M | $1.5M | +5.0% |
Summary: North Central Corridor 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 13.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes increased by 5%.
Housing Supply in North Central Corridor, AZ
How many homes are available in North Central Corridor, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 51 | +10.9% |
Summary: The North Central Corridor real estate market had 51 homes for sale in April 2024, a 10.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The North Central Corridor 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 increased by 33.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in North Central Corridor in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for North Central Corridor, AZ
How long does it take to sell a home in North Central Corridor, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 60 Days | -26.8% |
Summary: Homes in North Central Corridor had an average of 60 days on market in Apr 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
4 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, 9 homes were sold in North Central Corridor; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.