Is Pine Canyon, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Canyon is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Pine Canyon was a Seller's Market.

Key Takeaway

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

Housing Prices in Pine Canyon, AZ

How much do homes in Pine Canyon, AZ cost?

Median Sold Price

$2,100,000

$656/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$584,593(+38.6%)

Key Takeaway

Homes in Pine Canyon have sold for 38.6% more than they did a month ago.

Summary: The median home sold price in Pine Canyon was $2,100,000 in November 2024, up 38.6% from last month, and the median price per square foot was $656.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.3M-
N/A
4 $2.6M$2.1M
-22.1%
5+ $3.9M-
N/A

Summary: Pine Canyon 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 did not change, 4 bedroom homes decreased by 22.1%, and 5+ bedroom homes did not change.

Housing Supply in Pine Canyon, AZ

How many homes are available in Pine Canyon, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1713-23.5%

Summary: The Pine Canyon real estate market had 13 homes for sale in November 2024, a 23.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 86
-25.0%
4 65
-16.7%
5+ 32
-33.3%

Summary: The Pine Canyon 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 decreased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pine Canyon, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Pine Canyon in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pine Canyon, AZ

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

Average Sale Time

Oct 2024Nov 2024CHANGE
275 Days32 Days-88.4%

Summary: Homes in Pine Canyon had an average of 32 days on market in Nov 2024, down by 88.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pine Canyon has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Pine Canyon; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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