Is Coronado, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coronado is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Coronado, AZ

How much do homes in Coronado, AZ cost?

Median Sold Price

$539,900

$429/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,900(+1.9%)

Key Takeaway

Homes in Coronado have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Coronado was $539,900 in October 2024, up 1.9% from last year, and the median price per square foot was $429.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$390K
N/A
2 $445K$478K
+7.4%
3 $582.5K$593.5K
+1.9%
4 $678.7K$604.9K
-10.9%
5+ $910K$712.5K
-21.7%

Summary: Coronado 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 7.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 21.7%.

Housing Supply in Coronado, AZ

How many homes are available in Coronado, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3433-2.9%

Summary: The Coronado real estate market had 33 homes for sale in October 2024, a 2.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 98
-11.1%
3 1816
-11.1%
4 77
0.0%
5+ 01
+100.0%

Summary: The Coronado housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coronado, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Coronado in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Coronado, AZ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
71 Days63 Days-11.6%

Summary: Homes in Coronado had an average of 63 days on market in Oct 2024, down by 11.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Coronado are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Coronado; 67% of homes were sold within 30 days, 0% 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 17 Days Ago

Newest Listings in Coronado, AZ

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