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Featured local agent — Elephant Head, AZ
Sarah Mitchell
Compass Real Estate · Elephant Head, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elephant Head, AZ Housing Market
The last median sale price Redfin published was $525,000 (through May 2026). With 2.0 months of supply and homes going under contract in about 154 days, Elephant Head is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $525,000 home is about $2,699/mo in principal and interest.
Key numbers for Elephant Head, AZ
Median sale price
$525,000
Last published period
Redfin, through November 2025
Days on market
154
Slow-moving
Redfin, through November 2025
Active listings
2
2.0 months of supply
Redfin, through November 2025
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$51,103
Home costs 10.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through November 2025
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Elephant Head a buyer's or seller's market?
Elephant Head, AZ is a balanced market, based on 2.0 months of supply and homes selling in about 154 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Elephant Head housing market data show?
Every row below is Redfin's final published month for Elephant Head, AZ. Redfin, through November 2025
| Metric | Value |
|---|---|
| Median sale price | $525,000 |
| Median price per sq ft | $240/sq ft |
| Median days on market | 154 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Elephant Head is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Elephant Head is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Elephant Head home prices moved?
Across the 4 months we hold for Elephant Head, AZ, the median sale price rose 2.9%, from $510,000 in February 2022 to $525,000. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through November 2025 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Elephant Head?
Priced off the median sale price of $525,000 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $105,000 | $420,000 | $2,699/mo |
| 5% | $26,250 | $498,750 | $3,205/mo |
Redfin, through November 2025 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,699, that implies roughly $115,673 a year before you add taxes and insurance. The median household in Elephant Head earns $51,103, about $64,570 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 10.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Elephant Head in the next 12 months?
Tell us your timeline. We send the Elephant Head market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Elephant Head?
Zillow does not publish a rent index (ZORI) for Elephant Head, AZ, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Elephant Head?
We hold fewer than two months of inventory readings for Elephant Head, AZ, so there is no trend to report yet. The most recent count we have is 2 active listings (Redfin, through May 2026).
How does Elephant Head compare to Arizona and the U.S.?
Elephant Head homes sell for $525,000 — 16% above the Arizona median of $453,800. Against the national median of $410,700, Elephant Head runs 28% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Elephant Head, AZ | $525,000 | not published | 154 days |
| Arizona statewide | $453,800 | +0.5% | 62 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through November 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Elephant Head
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $506 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $525,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Elephant Head listing goes under contract in 154 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- Comparable ZIP-level pricing inside Elephant Head varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Elephant Head
There are currently 2 homes listed for sale in Elephant Head, Arizona.
Active listings
2
Homes on market
Avg. days on market
154
Days until sale
How much do homes cost in Elephant Head by property type?
How the Elephant Head, AZ market breaks down across single-family homes, condos and townhouses. Redfin, through November 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $525,000 | $240/sq ft | 1 | 154 days |
Who lives in Elephant Head?
American Community Survey estimates for Elephant Head. U.S. Census ACS, 2023
Population
572
Households
247
Median income
$51,103/yr
Median age
60.9 years
Owner-occupied
81.0%
Median home value
$292,600
Mean commute
35.8 min
81.0% of occupied homes in Elephant Head are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Elephant Head, AZ?
Ordered by distance from Elephant Head, not by size. Compare Elephant Head side by side with any of them.
Elephant Head housing market FAQ
Is Elephant Head a buyer's or seller's market?
Elephant Head, AZ is currently a balanced market. That read comes from 2.0 months of supply, homes going under contract in about 154 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Elephant Head?
The median sale price in the last month Redfin published was $525,000, about $240 per square foot.
Is Elephant Head cheaper than the rest of Arizona?
Elephant Head's median sale price of $525,000 is 16% higher than the Arizona statewide median of $453,800, and 28% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Elephant Head?
Homes in Elephant Head, AZ spent a median of 154 days on market before going under contract, versus 62 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Elephant Head?
At the current 30-year fixed rate of 6.66%, 20% down on a $525,000 home is about $2,699 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $115,673 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $51,103.
Are home prices rising in Elephant Head?
We do not hold a complete 12-month value series for Elephant Head, AZ yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Elephant Head?
Elephant Head ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Elephant Head?
That depends on your timeline, not on a headline. What the data says today: Elephant Head, AZ is a balanced market with 2.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $525,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.