Is Bisbee, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bisbee was a Seller's Market.
Housing Prices in Bisbee, AZ
How much do homes in Bisbee, AZ cost?
Median Sold Price
$250,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bisbee was $250,000 in May 2024, up 26.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $211.5K | $156.5K | -26.0% |
2 Bedrooms | $210K | $270K | +28.6% |
3 Bedrooms | $169K | $249.9K | +47.9% |
4 Bedrooms | $229.7K | $375K | +63.2% |
5+ Bedrooms | $274K | $459K | +67.5% |
Summary: Bisbee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 47.9%, 4 bedroom homes increased by 63.2%, and 5+ bedroom homes increased by 67.5%.
Housing Supply in Bisbee, AZ
How many homes are available in Bisbee, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 76 | -1.3% |
Summary: The Bisbee real estate market had 76 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 | 11 | 11 | 0.0% |
2 Bedrooms | 23 | 21 | -8.7% |
3 Bedrooms | 30 | 28 | -6.7% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Bisbee 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 decreased by 8.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 4 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Bisbee in May 2024, down by 71.4% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Bisbee, AZ
How long does it take to sell a home in Bisbee, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 220 Days | +274.3% |
Summary: Homes in Bisbee had an average of 220 days on market in May 2024, up by 274.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Bisbee; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.