Is North Mountain, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Mountain is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Mountain was a Seller's Market.

Key Takeaway

North Mountain 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 North Mountain, AZ

How much do homes in North Mountain, AZ cost?

Median Sold Price

$386,586

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,876(+2.9%)

Key Takeaway

Homes in North Mountain have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in North Mountain was $386,586 in November 2024, up 2.9% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $195K$185K
-5.1%
2 $285K$290K
+1.8%
3 $380K$393.7K
+3.6%
4 $459.9K$450K
-2.2%
5+ $660K$700K
+6.1%

Summary: North Mountain housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 6.1%.

Housing Supply in North Mountain, AZ

How many homes are available in North Mountain, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
734739+0.7%

Summary: The North Mountain real estate market had 739 homes for sale in November 2024, a 0.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1616
0.0%
2 144161
+11.8%
3 350342
-2.3%
4 189183
-3.2%
5+ 3537
+5.7%

Summary: The North Mountain 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 11.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 5.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
134120-10.4%

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Mountain, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.

Summary: A total of 120 homes were sold or pending in North Mountain in November 2024, down by 10.4% month-over-month. Of the 120 sold homes, 48% were sold under asking, 31% were sold at asking, and 21% were sold over asking.

Days on Market for North Mountain, AZ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days55 Days+29.5%

Summary: Homes in North Mountain had an average of 55 days on market in Nov 2024, up by 29.5% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

57 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Mountain has remained consistent over time.

Summary: During November 2024, 120 homes were sold in North Mountain; 36% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 17% 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 3 Days Ago

Newest Listings in North Mountain, AZ

Nearby Markets to North Mountain, AZ