Is Desert Mountain, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Desert Mountain was a Seller's Market.
Housing Prices in Desert Mountain, AZ
How much do homes in Desert Mountain, AZ cost?
Median Sold Price
$2,600,000
$650/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Desert Mountain was $2,600,000 in May 2024, down 2.6% from last year, and the median price per square foot was $650.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.4M | $1.1M | -22.8% |
3 Bedrooms | $2.0M | $1.8M | -7.7% |
4 Bedrooms | $3.4M | $2.9M | -14.1% |
5+ Bedrooms | $4.2M | $4.3M | +2.4% |
Summary: Desert Mountain housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.8%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in Desert Mountain, AZ
How many homes are available in Desert Mountain, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
127 | 120 | -5.5% |
Summary: The Desert Mountain real estate market had 120 homes for sale in May 2024, a 5.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 32 | 35 | +9.4% |
4 Bedrooms | 64 | 53 | -17.2% |
5+ Bedrooms | 29 | 30 | +3.4% |
Summary: The Desert Mountain housing inventory by bedroom type for May 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 9.4%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 17 | -19.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Desert Mountain in May 2024, down by 19.0% month-over-month. Of the 17 sold homes, 65% were sold under asking, 29% were sold at asking, and 6% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
103 Days | 147 Days | +41.9% |
Summary: Homes in Desert Mountain had an average of 147 days on market in May 2024, up by 41.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Desert Mountain; 35% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.