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 November 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

$448,225

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,825(+5.4%)

Key Takeaway

Homes in Ironwood have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Ironwood was $448,225 in November 2024, up 5.4% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $199.7K$201K
+0.6%
2 $370K$395.1K
+6.8%
3 $430K$445K
+3.5%
4 $491K$515K
+4.9%
5+ $562K$682.5K
+21.4%

Summary: Ironwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 21.4%.

Housing Supply in Ironwood, AZ

How many homes are available in Ironwood, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
162159-1.9%

Summary: The Ironwood real estate market had 159 homes for sale in November 2024, a 1.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 6272
+16.1%
3 5952
-11.9%
4 2924
-17.2%
5+ 98
-11.1%

Summary: The Ironwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.1%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4329-32.6%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 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. 48.3% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Ironwood in November 2024, down by 32.6% month-over-month. Of the 29 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% 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

Nov 2023Nov 2024CHANGE
43 Days45 Days+4.2%

Summary: Homes in Ironwood had an average of 45 days on market in Nov 2024, up by 4.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 29 homes were sold in Ironwood; 41% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 7% 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

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