Is Cactus Corridor, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cactus Corridor is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Cactus Corridor 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 Cactus Corridor, AZ

How much do homes in Cactus Corridor, AZ cost?

Median Sold Price

$1,400,000

$422/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$50,000(-3.4%)

Key Takeaway

Homes in Cactus Corridor have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Cactus Corridor was $1,400,000 in October 2024, down 3.4% from last year, and the median price per square foot was $422.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $540K$520K
-3.7%
3 $680.7K$680K
-0.1%
4 $1.2M$1.2M
0.4%
5+ $2.7M$2.5M
-4.1%

Summary: Cactus Corridor 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 decreased by 3.7%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 4.1%.

Housing Supply in Cactus Corridor, AZ

How many homes are available in Cactus Corridor, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3845+18.4%

Summary: The Cactus Corridor real estate market had 45 homes for sale in October 2024, a 18.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1412
-14.3%
4 1215
+25.0%
5+ 1218
+50.0%

Summary: The Cactus Corridor 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cactus Corridor, 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 Cactus Corridor in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for Cactus Corridor, AZ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days65 Days+146.0%

Summary: Homes in Cactus Corridor had an average of 65 days on market in Oct 2024, up by 146% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cactus Corridor are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 7 homes were sold in Cactus Corridor; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% 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 21 Days Ago

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