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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coconino County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Coconino County has remained a Seller's Market.

Key Takeaway

Coconino County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Coconino County, AZ

How much do homes in Coconino County, AZ cost?

Median Sold Price

$737,200

$390/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,224(+1.7%)

Key Takeaway

Homes in Coconino County have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Coconino County was $737,200 in November 2024, up 1.7% from last year, and the median price per square foot was $390.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $300K$302.5K
+0.8%
2 $455K$476.5K
+4.7%
3 $680K$685K
+0.7%
4 $1.0M$1.0M
0.0%
5+ $1.3M$1.4M
+8.5%

Summary: Coconino County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 8.5%.

Median Sold Price Compared To Nearby Counties

Coconino County
+1.7%
Yavapai County
+0.6%
Navajo County
-0.5%
Gila County
-1.4%

Housing Supply in Coconino County, AZ

How many homes are available in Coconino County, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
240222-7.5%

Summary: The Coconino County real estate market had 222 homes for sale in November 2024, a 7.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1212
0.0%
2 3940
+2.6%
3 10189
-11.9%
4 5552
-5.5%
5+ 3329
-12.1%

Summary: The Coconino County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 12.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4438-13.6%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coconino County, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Coconino County in November 2024, down by 13.6% month-over-month. Of the 38 sold homes, 79% were sold under asking, 13% were sold at asking, and 8% were sold over asking.

Days on Market for Coconino County, AZ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
97 Days101 Days+4.0%

Summary: Homes in Coconino County had an average of 101 days on market in Nov 2024, up by 4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 38 homes were sold in Coconino County; 18% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 42% 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

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