Is Mingus Mountain, 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, Mingus Mountain has remained a Seller's Market.
Housing Prices in Mingus Mountain, AZ
How much do homes in Mingus Mountain, AZ cost?
Median Sold Price
$539,999
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mingus Mountain was $539,999 in May 2024, up 1.4% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $397K | N/A |
2 Bedrooms | $432.5K | $502.5K | +16.2% |
3 Bedrooms | $526.7K | $506.5K | -3.9% |
4 Bedrooms | $745K | $752.5K | +1.0% |
5+ Bedrooms | $587.5K | - | N/A |
Summary: Mingus Mountain 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 16.2%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cornville | $618K | $902.5K | +46.0% |
Mingus Mountain | $532.4K | $539.9K | +1.4% |
Cottonwood | $435K | $400K | -8.0% |
Housing Supply in Mingus Mountain, AZ
How many homes are available in Mingus Mountain, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 56 | +21.7% |
Summary: The Mingus Mountain real estate market had 56 homes for sale in May 2024, a 21.7% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mingus Mountain 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 16.7%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 14 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Mingus Mountain in May 2024, up by 100.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 64% were sold at asking, and 0% were sold over asking.
Days on Market for Mingus Mountain, AZ
How long does it take to sell a home in Mingus Mountain, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 75 Days | +37.2% |
Summary: Homes in Mingus Mountain had an average of 75 days on market in May 2024, up by 37.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Mingus Mountain; 21% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.