Is Cordes Lakes-Mayer, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cordes Lakes-Mayer was a Seller's Market.
Key Takeaway
Cordes Lakes-Mayer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cordes Lakes-Mayer, AZ
How much do homes in Cordes Lakes-Mayer, AZ cost?
Median Sold Price
$359,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cordes Lakes-Mayer have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Cordes Lakes-Mayer was $359,000 in May 2024, up 10.5% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | - | N/A |
| 2 Bedrooms | $420K | $340K | -19.0% |
| 3 Bedrooms | $322K | $295K | -8.4% |
| 4 Bedrooms | $450K | $812K | +80.4% |
| 5+ Bedrooms | - | $4.5M | N/A |
Summary: Cordes Lakes-Mayer 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 19%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes increased by 80.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cordes Lakes-Mayer | $325K | $359K | +10.5% |
| Mayer | $342.5K | $332.5K | -2.9% |
Housing Supply in Cordes Lakes-Mayer, AZ
How many homes are available in Cordes Lakes-Mayer, AZ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Cordes Lakes-Mayer real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cordes Lakes-Mayer housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cordes Lakes-Mayer, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Cordes Lakes-Mayer in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Cordes Lakes-Mayer, AZ
How long does it take to sell a home in Cordes Lakes-Mayer, AZ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 155 Days | 178 Days | +14.7% |
Summary: Homes in Cordes Lakes-Mayer had an average of 178 days on market in May 2024, up by 14.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Cordes Lakes-Mayer are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 1 homes were sold in Cordes Lakes-Mayer; 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.
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.