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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wittmann is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Wittmann was a Seller's Market.

Key Takeaway

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

Housing Prices in Wittmann, AZ

How much do homes in Wittmann, AZ cost?

Median Sold Price

$525,000

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$15,000(-2.8%)

Key Takeaway

Homes in Wittmann have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Wittmann was $525,000 in September 2024, down 2.8% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $425K$950K
+123.5%
3 $436.2K$470K
+7.7%
4 $579.9K$560K
-3.4%
5+ $695K$622.5K
-10.4%

Summary: Wittmann housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 123.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 10.4%.

Median Sold Price Compared To Nearby Cities

Buckeye
+2.6%
Surprise
+1.2%
Wittmann
-2.8%

Housing Supply in Wittmann, AZ

How many homes are available in Wittmann, AZ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9590-5.3%

Summary: The Wittmann real estate market had 90 homes for sale in September 2024, a 5.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 4342
-2.3%
4 4035
-12.5%
5+ 1011
+10.0%

Summary: The Wittmann housing inventory by bedroom type for September 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 2.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
169-43.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wittmann, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Wittmann in September 2024, down by 43.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.

Days on Market for Wittmann, AZ

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

Average Sale Time

Sep 2023Sep 2024CHANGE
161 Days101 Days-37.6%

Summary: Homes in Wittmann had an average of 101 days on market in Sep 2024, down by 37.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Wittmann are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 9 homes were sold in Wittmann; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% 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 29 Days Ago

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