Is Globe-Miami, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Globe-Miami is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Globe-Miami was a Neutral Market.

Key Takeaway

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

Housing Prices in Globe-Miami, AZ

How much do homes in Globe-Miami, AZ cost?

Median Sold Price

$207,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$20,775(+11.2%)

Key Takeaway

Homes in Globe-Miami have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Globe-Miami was $207,000 in December 2024, up 11.2% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $62.4K$105K
+68.1%
2 $125K$166.5K
+33.2%
3 $218.9K$247K
+12.8%
4 $366K$242.5K
-33.7%
5+ $346K$410K
+18.5%

Summary: Globe-Miami housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.1%, 2 bedroom homes increased by 33.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 33.7%, and 5+ bedroom homes increased by 18.5%.

Median Sold Price Compared To Nearby Cities

Globe-Miami
+11.2%
Globe
+4.9%

Housing Supply in Globe-Miami, AZ

How many homes are available in Globe-Miami, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3332-3.0%

Summary: The Globe-Miami real estate market had 32 homes for sale in December 2024, a 3.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 21
-50.0%
2 1010
0.0%
3 78
+14.3%
4 1312
-7.7%
5+ 11
0.0%

Summary: The Globe-Miami housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Globe-Miami, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Globe-Miami in December 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Globe-Miami, AZ

How long does it take to sell a home in Globe-Miami, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
156 Days89 Days-43.2%

Summary: Homes in Globe-Miami had an average of 89 days on market in Dec 2024, down by 43.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 3 homes were sold in Globe-Miami; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 4 Days Ago

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