Is Lyon's Gate, 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, Lyon's Gate has remained a Seller's Market.
Housing Prices in Lyon's Gate, AZ
How much do homes in Lyon's Gate, AZ cost?
Median Sold Price
$535,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lyon's Gate was $535,000 in May 2024, up 11.5% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $392.5K | $415K | +5.7% |
3 Bedrooms | $450K | $475K | +5.6% |
4 Bedrooms | $530K | $580K | +9.4% |
5+ Bedrooms | $805K | $665K | -17.4% |
Summary: Lyon's Gate 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 increased by 5.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Neighborhoods
Lyon's Gate | $480K | $535K | +11.5% |
Agritopia | $905K | $932.5K | +3.0% |
Housing Supply in Lyon's Gate, AZ
How many homes are available in Lyon's Gate, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Summary: The Lyon's Gate real estate market had 13 homes for sale in May 2024, a 18.8% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Lyon's Gate 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lyon's Gate in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lyon's Gate, AZ
How long does it take to sell a home in Lyon's Gate, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
83 Days | 144 Days | +72.7% |
Summary: Homes in Lyon's Gate had an average of 144 days on market in May 2024, up by 72.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Lyon's Gate; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.