$2,850,000
5,485 SqFt
4 Beds
•5 Baths
R M Joe Bushong, Grant Almquist, Listing Office: Russ Lyon Sotheby's International Realty
Is Midtown, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Midtown has remained a Buyer's Market.
Key Takeaway
Midtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midtown, AZ
How much do homes in Midtown, AZ cost?
Median Sold Price
$426,086
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$9,086(+2.2%)
Key Takeaway
Homes in Midtown have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Midtown was $426,086 in December 2024, up 2.2% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $251K | +11.6% |
| 2 Bedrooms | $406.2K | $420K | +3.4% |
| 3 Bedrooms | $695K | $692.5K | -0.4% |
| 4 Bedrooms | $732K | $800K | +9.3% |
| 5+ Bedrooms | $796K | $1.3M | +72.2% |
Summary: Midtown housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 72.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Encanto | $461.2K | $479K | +3.8% |
| Midtown | $417K | $426K | +2.2% |
Housing Supply in Midtown, AZ
How many homes are available in Midtown, AZ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 116 | 115 | -0.9% |
Summary: The Midtown real estate market had 115 homes for sale in December 2024, a 0.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 25 | +25.0% |
| 2 Bedrooms | 63 | 62 | -1.6% |
| 3 Bedrooms | 28 | 22 | -21.4% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Midtown housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Midtown in December 2024, down by 6.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Midtown, AZ
How long does it take to sell a home in Midtown, AZ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 78 Days | 81 Days | +4.2% |
Summary: Homes in Midtown had an average of 81 days on market in Dec 2024, up by 4.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midtown are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 14 homes were sold in Midtown; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.