Is Seville, 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, Seville has remained a Seller's Market.
Key Takeaway
Seville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seville, AZ
How much do homes in Seville, AZ cost?
Median Sold Price
$628,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Seville have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in Seville was $628,000 in May 2024, down 10.3% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $517.5K | $495K | -4.3% |
| 3 Bedrooms | $523.3K | $510K | -2.5% |
| 4 Bedrooms | $725K | $712.5K | -1.7% |
| 5+ Bedrooms | $975K | $900K | -7.7% |
Summary: Seville 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 4.3%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Shamrock Estates | $625K | $740K | +18.4% |
| Seville | $700K | $628K | -10.3% |
Housing Supply in Seville, AZ
How many homes are available in Seville, AZ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 53 | +1.9% |
Summary: The Seville real estate market had 53 homes for sale in May 2024, a 1.9% increase 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Seville 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 decreased by 50%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seville, expect to pay close to the asking price. 61.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Seville in May 2024, up by 8.3% month-over-month. Of the 13 sold homes, 15% were sold under asking, 62% were sold at asking, and 23% were sold over asking.
Days on Market for Seville, AZ
How long does it take to sell a home in Seville, AZ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 98 Days | 45 Days | -53.7% |
Summary: Homes in Seville had an average of 45 days on market in May 2024, down by 53.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Seville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Seville; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.