Is Copper Falls, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Copper Falls is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Copper Falls has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Copper Falls, AZ

How much do homes in Copper Falls, AZ cost?

Median Sold Price

$394,990

$187/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$9,990(+2.6%)

Key Takeaway

Homes in Copper Falls have sold for 2.6% more than they did a month ago.

Summary: The median home sold price in Copper Falls was $394,990 in December 2024, up 2.6% from last month, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $377.7K$371.5K
-1.7%
4 $392.9K$396.4K
+0.9%
5+ --
N/A

Summary: Copper Falls housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes did not change.

Housing Supply in Copper Falls, AZ

How many homes are available in Copper Falls, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4635-23.9%

Summary: The Copper Falls real estate market had 35 homes for sale in December 2024, a 23.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 139
-30.8%
4 3225
-21.9%
5+ 11
0.0%

Summary: The Copper Falls housing inventory by bedroom type for December 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 30.8%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Copper Falls, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Copper Falls in December 2024, down by 15.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.

Days on Market for Copper Falls, AZ

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

Average Sale Time

Nov 2024Dec 2024CHANGE
50 Days72 Days+45.2%

Summary: Homes in Copper Falls had an average of 72 days on market in Dec 2024, up by 45.2% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 11 homes were sold in Copper Falls; 27% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 55% 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 6 Days Ago

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