New River, AZ
Housing market overview · Updated weekly
$878,000median sale price
Homes sold
23
Last 12 weeks
Days on market
138
Average pace
Active listings
158
6.9 months supply
Sale-to-list
97.2%
Below asking
The New River housing market is currently classified as a buyer's market with a median sale price of $878,000. Prices have fallen 2.4% compared to last year, with homes spending an average of 138 days on market, indicating 6.9 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in New River?
The median home sale price in New River is $878,000, down 2.4% from last year.
How long do homes stay on market in New River?
Homes typically spend 138 days on market before going under contract.
Is New River a buyer's or seller's market?
With 6.9 months of supply, New River is currently a buyer's market.
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