Is Desert View, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Desert View has remained a Seller's Market.
Housing Prices in Desert View, AZ
How much do homes in Desert View, AZ cost?
Median Sold Price
$734,125
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Desert View was $734,125 in May 2024, up 7.2% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $292.5K | $307K | +5.0% |
2 Bedrooms | $472K | $480K | +1.7% |
3 Bedrooms | $615K | $662.5K | +7.7% |
4 Bedrooms | $800K | $835K | +4.4% |
5+ Bedrooms | $1.0M | $1.0M | +8.5% |
Summary: Desert View housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Neighborhoods
Desert View | $685K | $734.1K | +7.2% |
Tatum Highlands | $606.4K | $641K | +5.7% |
Tatum Ranch | $615K | $625K | +1.6% |
Housing Supply in Desert View, AZ
How many homes are available in Desert View, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
418 | 454 | +8.6% |
Summary: The Desert View real estate market had 454 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 73 | 76 | +4.1% |
3 Bedrooms | 134 | 131 | -2.2% |
4 Bedrooms | 131 | 158 | +20.6% |
5+ Bedrooms | 75 | 84 | +12.0% |
Summary: The Desert View 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 increased by 4.1%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 105 | +29.6% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 105 homes were sold or pending in Desert View in May 2024, up by 29.6% month-over-month. Of the 105 sold homes, 65% were sold under asking, 23% were sold at asking, and 12% were sold over asking.
Days on Market for Desert View, AZ
How long does it take to sell a home in Desert View, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 54 Days | -4.7% |
Summary: Homes in Desert View had an average of 54 days on market in May 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During May 2024, 105 homes were sold in Desert View; 38% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.