$3,799 Closing Credit*
$319,900
1,459 SqFt
3 Beds
•2 Full Baths
Alejandro Avila, Listing Office: HomeSmart
Is Somerton, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Somerton has remained a Buyer's Market.
Key Takeaway
Somerton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Somerton, AZ
How much do homes in Somerton, AZ cost?
Median Sold Price
$275,000
$205/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$38,500(-12.3%)
Key Takeaway
Homes in Somerton have sold for 12.3% less than they did a month ago.
Summary: The median home sold price in Somerton was $275,000 in December 2024, down 12.3% from last month, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $180K | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $313.5K | $312.4K | -0.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Somerton housing prices by bedroom type for December 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 0.3%, and 5+ bedroom homes did not change.
Housing Supply in Somerton, AZ
How many homes are available in Somerton, AZ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Somerton real estate market had 34 homes for sale in December 2024, a 3.0% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Somerton 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 increased by 20%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Somerton, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Somerton in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Somerton, AZ
How long does it take to sell a home in Somerton, AZ?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 67 Days | 38 Days | -42.7% |
Summary: Homes in Somerton had an average of 38 days on market in Dec 2024, down by 42.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Somerton has remained consistent over time.
Summary: During December 2024, 3 homes were sold in Somerton; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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