Is Navajo County, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Navajo County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Navajo County was a Seller's Market.

Key Takeaway

Navajo County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Navajo County, AZ

How much do homes in Navajo County, AZ cost?

Median Sold Price

$449,850

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,883(+0.9%)

Key Takeaway

Homes in Navajo County have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Navajo County was $449,850 in October 2024, up 0.9% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $230K$218K
-5.2%
2 $320.2K$325K
+1.5%
3 $485K$470.8K
-2.9%
4 $654.5K$655K
0.1%
5+ $790K$850K
+7.6%

Summary: Navajo County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 7.6%.

Housing Supply in Navajo County, AZ

How many homes are available in Navajo County, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
317309-2.5%

Summary: The Navajo County real estate market had 309 homes for sale in October 2024, a 2.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 98
-11.1%
2 6974
+7.2%
3 156148
-5.1%
4 6458
-9.4%
5+ 1921
+10.5%

Summary: The Navajo County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5051+2.0%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Navajo County, you may be able to get a good deal. 72.5% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Navajo County in October 2024, up by 2.0% month-over-month. Of the 51 sold homes, 73% were sold under asking, 16% were sold at asking, and 12% were sold over asking.

Days on Market for Navajo County, AZ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
97 Days97 Days0.2%

Summary: Homes in Navajo County had an average of 97 days on market in Oct 2024, up by 0.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 51 homes were sold in Navajo County; 33% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 39% 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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