Is Pinetop, 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, Pinetop was a Seller's Market.
Housing Prices in Pinetop, AZ
How much do homes in Pinetop, AZ cost?
Median Sold Price
$602,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pinetop was $602,000 in April 2024, up 14.7% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $432.5K | $361K | -16.5% |
3 Bedrooms | $505K | $584.4K | +15.7% |
4 Bedrooms | $645K | $751K | +16.4% |
5+ Bedrooms | $737.5K | $932.5K | +26.4% |
Summary: Pinetop 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 16.5%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
Pinetop | $525K | $602K | +14.7% |
Lakeside | $410K | $400K | -2.4% |
Housing Supply in Pinetop, AZ
How many homes are available in Pinetop, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 41 | +10.8% |
Summary: The Pinetop real estate market had 41 homes for sale in April 2024, a 10.8% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 20 | 24 | +20.0% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Pinetop 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Pinetop in April 2024, the same as the previous month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Pinetop, AZ
How long does it take to sell a home in Pinetop, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 72 Days | +1.5% |
Summary: Homes in Pinetop had an average of 72 days on market in Apr 2024, up by 1.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Pinetop; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.