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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kearny is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Kearny has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Kearny, AZ

How much do homes in Kearny, AZ cost?

Median Sold Price

$162,000

$104/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$50(0.0%)

Key Takeaway

The sold price of homes in Kearny has remained the same since last month.

Summary: The median home sold price in Kearny was $162,000 in November 2024, the same as last month, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $169K$162K
-4.1%
4 $154.9K-
N/A
5+ --
N/A

Summary: Kearny housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Kearny, AZ

How many homes are available in Kearny, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1114+27.3%

Summary: The Kearny real estate market had 14 homes for sale in November 2024, a 27.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 810
+25.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Kearny 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kearny, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Kearny in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Kearny, AZ

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

Average Sale Time

Oct 2024Nov 2024CHANGE
100 Days138 Days+38.0%

Summary: Homes in Kearny had an average of 138 days on market in Nov 2024, up by 38% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Kearny; 0% of homes were sold within 30 days, 33% 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 20 Days Ago

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