Sierra Vista, AZ Homes For Sale - Arizona Real Estate | BEX Realty (2024)

FAQs

Is it worth buying a house in Arizona right now? ›

There's no better time than NOW! 28.8% of homes are selling below their listing price. Moreover, there's a 17.6% increase in newly listed homes. So, not only are you spoilt for choice, but you're also more likely to crack a good deal on your dream home.

June, July, and August are the best months to sell your house in Arizona. The median sale price of houses in June 2023 was $442,100, which is expected to rise in 2024. However, cities like Yuma, Payson, and Anthem follow an upward trend throughout the year.

Fortunately for Arizona, inventory may indeed be on the rise. Arizona's housing supply is trending up in 2024 as it is across the country, with many buyers hoping for a large enough increase to ease both prices and rents. In March of 2024, there were 11,556 newly listed homes in Arizona, up 14.1% since last year.

Living in Sierra Vista offers residents a dense suburban feel and most residents own their homes. In Sierra Vista there are a lot of parks. Many families and young professionals live in Sierra Vista and residents tend to lean conservative. The public schools in Sierra Vista are highly rated.

Home prices will continue to increase in Arizona.

The data indicates that there will be a steady growth in home prices, which aligns with the overall health of the housing market. Here are some of the up-and-coming neighborhoods in Arizona real estate to watch in 2024 and beyond.

Here are some general FHA loan requirements for Arizona. A credit score of 580 or higher: A lender may accept credit scores of 500-579 under certain conditions. A credit score lower than 580 will require a larger down payment. Minimum of two years employment: Must have verifiable, steady, and consistent income.

Is Phoenix, AZ a buyer's or seller's market? Since last year, Phoenix has remained a Seller's Market. Phoenix is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Here's how each month of the year ranked for the best time to sell a house. The highest-earning months are, in ranking order, May, June, April and March. Just over 18 million purchase transactions took place during this period, according to ATTOM.

In a recent note, Chief US Economist Michael Gapen and his team revealed that they expect home prices to rise by 4.5% this year and 5% in 2025. Gapen doesn't foresee the market cooling down until 2026 at the earliest. With this in mind, current homeowners can sell for even higher prices down the road.

Arizona is nearly 270,000 housing units short of demand, according to the state Department of Housing, thanks in part to zoning rules, NIMBY opposition and general red tape.

What is the average price of a home in Arizona? ›

What is the median house cost in Arizona? The median-price of a home in Arizona was $352,536 in December of 2023, according to data from Arizona Realtors. The median will differ depending on where in Arizona you're looking, though — for example, in Phoenix it was $444,785.

Phoenix Housing Market Trends

What is the housing market like in Phoenix today? In July 2024, Phoenix home prices were up 0.5% compared to last year, selling for a median price of $440K. On average, homes in Phoenix sell after 47 days on the market compared to 38 days last year.

The largest are Douglas, Nogales and Sierra Vista. People are moving out of the cities — just as they are from more rural places across the country — as they seek more education and opportunities, according to local officials and researchers.

What are the best neighborhoods in Sierra Vista? Some of the best neighborhoods in or around Sierra Vista, Arizona are The West End, Pueblo del Sol Country Club Estates and Pueblo del Sol. Consider buying or renting a home in one of these popular neighborhoods.

A: The U.S. Army Installation at Fort Huachuca is the largest employer in Sierra Vista, AZ.

Almost 99% of Phoenix properties are cheaper to rent than to buy, according to a new analysis from online real estate company Redfin. Context: That's well above the national average of 81% and just slightly below the nation's most unaffordable metros, like Los Angeles, San Francisco and Seattle.

Conventional Loan Calculator in Arizona

Conventional loans typically require a 5% down payment. However, there are flexible conventional loans programs designed for to help Arizona first time home buyers that only require 3% down.

Across Arizona, there is a shortage of rental homes affordable and available to extremely low income households (ELI), whose incomes are at or below the poverty guideline or 30% of their area median income (AMI).

Arizona has long been a top choice for real estate investors seeking attractive opportunities in the United States. With its thriving economy, diverse landscapes, and favorable tax environment, the Grand Canyon State offers a range of benefits for those looking to invest in real estate.