Is Litchfield Park, 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, Litchfield Park has remained a Seller's Market.
Housing Prices in Litchfield Park, AZ
How much do homes in Litchfield Park, AZ cost?
Median Sold Price
$504,328
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Litchfield Park was $504,328 in April 2024, down 3.9% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $285K | +5.6% |
2 Bedrooms | $411.5K | $365K | -11.3% |
3 Bedrooms | $465K | $470.8K | +1.3% |
4 Bedrooms | $600K | $516.6K | -13.9% |
5+ Bedrooms | $652.7K | $682.5K | +4.6% |
Summary: Litchfield Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in Litchfield Park, AZ
How many homes are available in Litchfield Park, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
318 | 289 | -9.1% |
Summary: The Litchfield Park real estate market had 289 homes for sale in April 2024, a 9.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 108 | 93 | -13.9% |
4 Bedrooms | 132 | 128 | -3.0% |
5+ Bedrooms | 68 | 58 | -14.7% |
Summary: The Litchfield Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 14.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 57 | -26.9% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Litchfield Park in April 2024, down by 26.9% month-over-month. Of the 57 sold homes, 65% were sold under asking, 25% were sold at asking, and 11% were sold over asking.
Days on Market for Litchfield Park, AZ
How long does it take to sell a home in Litchfield Park, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
72 Days | 85 Days | +19.2% |
Summary: Homes in Litchfield Park had an average of 85 days on market in Apr 2024, up by 19.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During April 2024, 57 homes were sold in Litchfield Park; 32% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.