Is Litchfield Park, 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, 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
$516,632
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Litchfield Park was $516,632 in May 2024, up 1.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.8K | $282K | +3.4% |
2 Bedrooms | $400K | $381K | -4.8% |
3 Bedrooms | $461.8K | $476.9K | +3.3% |
4 Bedrooms | $578.4K | $515.4K | -10.9% |
5+ Bedrooms | $650.2K | $682.5K | +5.0% |
Summary: Litchfield Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 5%.
Housing Supply in Litchfield Park, AZ
How many homes are available in Litchfield Park, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
305 | 301 | -1.3% |
Summary: The Litchfield Park real estate market had 301 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 107 | 100 | -6.5% |
4 Bedrooms | 130 | 135 | +3.8% |
5+ Bedrooms | 59 | 57 | -3.4% |
Summary: The Litchfield Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 3.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 72 | +28.6% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Litchfield Park in May 2024, up by 28.6% month-over-month. Of the 72 sold homes, 49% were sold under asking, 35% were sold at asking, and 17% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 67 Days | +7.0% |
Summary: Homes in Litchfield Park had an average of 67 days on market in May 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During May 2024, 72 homes were sold in Litchfield Park; 35% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.