Is Cottonwood, 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, Cottonwood has remained a Seller's Market.
Key Takeaway
Cottonwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cottonwood, AZ
How much do homes in Cottonwood, AZ cost?
Median Sold Price
$400,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cottonwood have sold for 8% less than they did a year ago.
Summary: The median home sold price in Cottonwood was $400,000 in May 2024, down 8% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $397K | N/A |
| 2 Bedrooms | $335K | $352K | +5.1% |
| 3 Bedrooms | $500K | $400K | -20.0% |
| 4 Bedrooms | $515K | $605K | +17.5% |
| 5+ Bedrooms | $450K | - | N/A |
Summary: Cottonwood 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 5.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cornville | $618K | $902.5K | +46.0% |
| Camp Verde-Sedona | $776.2K | $950K | +22.4% |
| Mingus Mountain | $532.4K | $539.9K | +1.4% |
| Cottonwood | $435K | $400K | -8.0% |
Housing Supply in Cottonwood, AZ
How many homes are available in Cottonwood, AZ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Summary: The Cottonwood real estate market had 14 homes for sale in May 2024, a 75.0% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cottonwood 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 50%, 3 bedroom homes increased by 83.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottonwood, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Cottonwood in May 2024, up by 100.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Cottonwood, AZ
How long does it take to sell a home in Cottonwood, AZ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 71 Days | +192.2% |
Summary: Homes in Cottonwood had an average of 71 days on market in May 2024, up by 192.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cottonwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Cottonwood; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. 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. Listings provided by brokerages other than this broker are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved.