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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pebblecreek is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Pebblecreek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pebblecreek, AZ

How much do homes in Pebblecreek, AZ cost?

Median Sold Price

$534,900

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,150(+1.4%)

Key Takeaway

Homes in Pebblecreek have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Pebblecreek was $534,900 in October 2024, up 1.4% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $499.3K$510K
+2.1%
3 $660K$640K
-3.0%
4 $659K$522.4K
-20.7%
5+ -$570.2K
N/A

Summary: Pebblecreek housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Portales
+5.1%
Pebblecreek
+1.4%

Housing Supply in Pebblecreek, AZ

How many homes are available in Pebblecreek, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
88103+17.0%

Summary: The Pebblecreek real estate market had 103 homes for sale in October 2024, a 17.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 6375
+19.0%
3 1923
+21.1%
4 54
-20.0%
5+ 11
0.0%

Summary: The Pebblecreek housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pebblecreek, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Pebblecreek in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 86% were sold under asking, 7% were sold at asking, and 7% were sold over asking.

Days on Market for Pebblecreek, AZ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days120 Days+102.7%

Summary: Homes in Pebblecreek had an average of 120 days on market in Oct 2024, up by 102.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 14 homes were sold in Pebblecreek; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% 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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