Is Bisbee, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bisbee has remained a Seller's Market.
Housing Prices in Bisbee, AZ
How much do homes in Bisbee, AZ cost?
Median Sold Price
$249,950
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bisbee was $249,950 in April 2024, up 34.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $218K | $160.5K | -26.4% |
2 Bedrooms | $195.4K | $274.5K | +40.4% |
3 Bedrooms | $164.7K | $249.9K | +51.7% |
4 Bedrooms | $225K | $375K | +66.7% |
5+ Bedrooms | $274K | $459K | +67.5% |
Summary: Bisbee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.4%, 2 bedroom homes increased by 40.4%, 3 bedroom homes increased by 51.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 67.5%.
Housing Supply in Bisbee, AZ
How many homes are available in Bisbee, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 78 | +14.7% |
Summary: The Bisbee real estate market had 78 homes for sale in April 2024, a 14.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 10 | -9.1% |
2 Bedrooms | 20 | 24 | +20.0% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bisbee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 14 | +250.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Bisbee in April 2024, up by 250.0% month-over-month. Of the 14 sold homes, 79% were sold under asking, 21% were sold at asking, and 0% were sold over asking.
Days on Market for Bisbee, AZ
How long does it take to sell a home in Bisbee, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 155 Days | +148.6% |
Summary: Homes in Bisbee had an average of 155 days on market in Apr 2024, up by 148.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Bisbee; 0% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 79% of homes were sold over 90 days.