Is Bellair, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellair is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bellair was a Seller's Market.

Key Takeaway

Bellair is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bellair, AZ

How much do homes in Bellair, AZ cost?

Median Sold Price

$425,000

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,050(+6.3%)

Key Takeaway

Homes in Bellair have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Bellair was $425,000 in October 2024, up 6.3% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $302.4K$317.5K
+5.0%
3 $399.9K$418K
+4.5%
4 $515K$470K
-8.7%
5+ -$575K
N/A

Summary: Bellair housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes did not change.

Housing Supply in Bellair, AZ

How many homes are available in Bellair, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2326+13.0%

Summary: The Bellair real estate market had 26 homes for sale in October 2024, a 13.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 1314
+7.7%
4 88
0.0%
5+ 11
0.0%

Summary: The Bellair housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellair, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Bellair in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Bellair, AZ

How long does it take to sell a home in Bellair, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days62 Days+41.4%

Summary: Homes in Bellair had an average of 62 days on market in Oct 2024, up by 41.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bellair has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Bellair; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Bellair, AZ

Nearby Markets to Bellair, AZ