Is Cochise County, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cochise County is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Cochise County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cochise County, AZ

How much do homes in Cochise County, AZ cost?

Median Sold Price

$285,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+5.6%)

Key Takeaway

Homes in Cochise County have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Cochise County was $285,000 in October 2024, up 5.6% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$165K
0.0%
2 $202.7K$226K
+11.4%
3 $263.3K$270.3K
+2.6%
4 $339.9K$358K
+5.3%
5+ $375K$417K
+11.2%

Summary: Cochise County 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 11.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 11.2%.

Housing Supply in Cochise County, AZ

How many homes are available in Cochise County, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
609691+13.5%

Summary: The Cochise County real estate market had 691 homes for sale in October 2024, a 13.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2729
+7.4%
2 88109
+23.9%
3 296338
+14.2%
4 161174
+8.1%
5+ 3741
+10.8%

Summary: The Cochise County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 10.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8495+13.1%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cochise County, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.

Summary: A total of 95 homes were sold or pending in Cochise County in October 2024, up by 13.1% month-over-month. Of the 95 sold homes, 54% were sold under asking, 33% were sold at asking, and 14% were sold over asking.

Days on Market for Cochise County, AZ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
86 Days95 Days+10.2%

Summary: Homes in Cochise County had an average of 95 days on market in Oct 2024, up by 10.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

46 Homes Were Sold
In 30 - 90 Days

31 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cochise County has remained consistent over time.

Summary: During October 2024, 95 homes were sold in Cochise County; 19% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in Cochise County, AZ

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