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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ironwood is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Ironwood, AZ

How much do homes in Ironwood, AZ cost?

Median Sold Price

$449,200

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,200(+5.7%)

Key Takeaway

Homes in Ironwood have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Ironwood was $449,200 in October 2024, up 5.7% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $199.7K$201K
+0.6%
2 $370.7K$395.1K
+6.6%
3 $430K$450K
+4.7%
4 $490K$515K
+5.1%
5+ $557.5K$660K
+18.4%

Summary: Ironwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 18.4%.

Housing Supply in Ironwood, AZ

How many homes are available in Ironwood, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
154164+6.5%

Summary: The Ironwood real estate market had 164 homes for sale in October 2024, a 6.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 5361
+15.1%
3 5659
+5.4%
4 3131
0.0%
5+ 1110
-9.1%

Summary: The Ironwood 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 increased by 15.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2444+83.3%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ironwood, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Ironwood in October 2024, up by 83.3% month-over-month. Of the 44 sold homes, 52% were sold under asking, 34% were sold at asking, and 14% were sold over asking.

Days on Market for Ironwood, AZ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days49 Days+3.8%

Summary: Homes in Ironwood had an average of 49 days on market in Oct 2024, up by 3.8% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ironwood has remained consistent over time.

Summary: During October 2024, 44 homes were sold in Ironwood; 39% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 18% 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 16 Days Ago

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