Is Romola of Arizona, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Romola of Arizona is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Romola of Arizona has remained a Seller's Market.

Key Takeaway

Romola of Arizona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Romola of Arizona, AZ

How much do homes in Romola of Arizona, AZ cost?

Median Sold Price

$616,585

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$1,587(+0.3%)

Key Takeaway

The sold price of homes in Romola of Arizona has remained the same since last year.

Summary: The median home sold price in Romola of Arizona was $616,585 in December 2024, up 0.3% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$550K
N/A
2 $505K-
N/A
3 $551.1K$562.7K
+2.1%
4 $694.3K$658K
-5.2%
5+ $945K$1.1M
+16.9%

Summary: Romola of Arizona housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 16.9%.

Median Sold Price Compared To Nearby Neighborhoods

Yucca
+1.4%
Romola of Arizona
0.3%

Housing Supply in Romola of Arizona, AZ

How many homes are available in Romola of Arizona, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3433-2.9%

Summary: The Romola of Arizona real estate market had 33 homes for sale in December 2024, a 2.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1413
-7.1%
4 1414
0.0%
5+ 66
0.0%

Summary: The Romola of Arizona housing inventory by bedroom type for December 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 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 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 Romola of Arizona, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Romola of Arizona in December 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Romola of Arizona, AZ

How long does it take to sell a home in Romola of Arizona, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
185 Days74 Days-59.8%

Summary: Homes in Romola of Arizona had an average of 74 days on market in Dec 2024, down by 59.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Romola of Arizona are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in Romola of Arizona; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 7 Days Ago

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