Is Fireside at Norterra, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fireside at Norterra is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Fireside at Norterra has remained a Seller's Market.

Key Takeaway

Fireside at Norterra is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fireside at Norterra, AZ

How much do homes in Fireside at Norterra, AZ cost?

Median Sold Price

$584,750

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$33,500(-5.4%)

Key Takeaway

Homes in Fireside at Norterra have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in Fireside at Norterra was $584,750 in October 2024, down 5.4% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $397K$412K
+3.8%
3 $533.4K$592.7K
+11.1%
4 $655K$624K
-4.7%
5+ $750K$865K
+15.3%

Summary: Fireside at Norterra 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 3.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Neighborhoods

Desert View
+4.4%
North Gateway
+2.1%
Valley Vista
-2.4%
Fireside at Norterra
-5.4%

Housing Supply in Fireside at Norterra, AZ

How many homes are available in Fireside at Norterra, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2529+16.0%

Summary: The Fireside at Norterra real estate market had 29 homes for sale in October 2024, a 16.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 68
+33.3%
4 1415
+7.1%
5+ 34
+33.3%

Summary: The Fireside at Norterra 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 increased by 33.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fireside at Norterra, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Fireside at Norterra in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Fireside at Norterra, AZ

How long does it take to sell a home in Fireside at Norterra, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days47 Days+18.5%

Summary: Homes in Fireside at Norterra had an average of 47 days on market in Oct 2024, up by 18.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Fireside at Norterra; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 22 Days Ago

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