$6,234 Closing Credit*
$525,000
2,110 SqFt
3 Beds
•3 Baths
Joseph J. Tropple, Listing Office: Realty ONE Group
Is Alta Mesa, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Alta Mesa has remained a Seller's Market.
Key Takeaway
Alta Mesa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alta Mesa, AZ
How much do homes in Alta Mesa, AZ cost?
Median Sold Price
$429,900
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+3.6%)
Key Takeaway
Homes in Alta Mesa have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Alta Mesa was $429,900 in October 2024, up 3.6% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $212.5K | 0.2% |
| 2 Bedrooms | $345K | $319.5K | -7.4% |
| 3 Bedrooms | $443K | $454.7K | +2.7% |
| 4 Bedrooms | $518.4K | $545K | +5.1% |
| 5+ Bedrooms | $792.1K | $615K | -22.4% |
Summary: Alta Mesa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 22.4%.
Housing Supply in Alta Mesa, AZ
How many homes are available in Alta Mesa, AZ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 34 | +13.3% |
Summary: The Alta Mesa real estate market had 34 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Alta Mesa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Alta Mesa, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Alta Mesa in October 2024, down by 22.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Alta Mesa, AZ
How long does it take to sell a home in Alta Mesa, AZ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 54 Days | +87.2% |
Summary: Homes in Alta Mesa had an average of 54 days on market in Oct 2024, up by 87.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Alta Mesa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Alta Mesa; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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.