$4,513 Closing Credit*
$380,000
1,317 SqFt
3 Beds
•2 Baths
Tara Jones, Kiara I Cadillo, Listing Office: Opendoor Brokerage, LLC
Is South Mountain, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, South Mountain has remained a Seller's Market.
Key Takeaway
South Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Mountain, AZ
How much do homes in South Mountain, AZ cost?
Median Sold Price
$390,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$15,000(+4.0%)
Key Takeaway
Homes in South Mountain have sold for 4% more than they did a year ago.
Summary: The median home sold price in South Mountain was $390,000 in December 2024, up 4% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | $228.5K | +15.4% |
| 2 Bedrooms | $300K | $322.5K | +7.5% |
| 3 Bedrooms | $368K | $384.1K | +4.4% |
| 4 Bedrooms | $425.2K | $439.9K | +3.5% |
| 5+ Bedrooms | $525K | $505K | -3.8% |
Summary: South Mountain housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in South Mountain, AZ
How many homes are available in South Mountain, AZ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 386 | 379 | -1.8% |
Summary: The South Mountain real estate market had 379 homes for sale in December 2024, a 1.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 50 | 53 | +6.0% |
| 3 Bedrooms | 174 | 167 | -4.0% |
| 4 Bedrooms | 137 | 133 | -2.9% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The South Mountain housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 69 | 79 | +14.5% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Mountain, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in South Mountain in December 2024, up by 14.5% month-over-month. Of the 79 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.
Days on Market for South Mountain, AZ
How long does it take to sell a home in South Mountain, AZ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 43 Days | 59 Days | +36.3% |
Summary: Homes in South Mountain had an average of 59 days on market in Dec 2024, up by 36.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Mountain has remained consistent over time.
Summary: During December 2024, 79 homes were sold in South Mountain; 34% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.