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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Willow is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Willow has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Willow, AZ

How much do homes in Willow, AZ cost?

Median Sold Price

$550,000

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,861(+2.8%)

Key Takeaway

Homes in Willow have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Willow was $550,000 in October 2024, up 2.8% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $357K$359K
+0.6%
3 $471.9K$470K
-0.4%
4 $613.1K$650K
+6.0%
5+ $807K$820K
+1.6%

Summary: Willow 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 0.6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Neighborhoods

Deer Village
+12.5%
Westbrook Village
+6.6%
Willow
+2.8%
Fletcher Heights
+1.0%

Housing Supply in Willow, AZ

How many homes are available in Willow, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
189176-6.9%

Summary: The Willow real estate market had 176 homes for sale in October 2024, a 6.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1415
+7.1%
3 6559
-9.2%
4 8376
-8.4%
5+ 2726
-3.7%

Summary: The Willow 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 7.1%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes decreased by 3.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4846-4.2%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Willow, you may be able to get a good deal. 58.7% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Willow in October 2024, down by 4.2% month-over-month. Of the 46 sold homes, 59% were sold under asking, 30% were sold at asking, and 11% were sold over asking.

Days on Market for Willow, AZ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days64 Days+46.4%

Summary: Homes in Willow had an average of 64 days on market in Oct 2024, up by 46.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Willow has remained consistent over time.

Summary: During October 2024, 46 homes were sold in Willow; 26% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 26% 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 16 Days Ago

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