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Featured local agent — Jerome, AZ
Sarah Mitchell
Compass Real Estate · Jerome, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Jerome, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$160,000median sale price
How is the Jerome, AZ housing market right now?
The median home sale price in Jerome, AZ is $160,000. Homes sell in an average of 27 days with 5 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Jerome a buyer's or seller's market?
Jerome, AZ is currently a leaning buyer's, based on 5.0 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
27
Average pace
Active listings
5
5.0 months supply
Sale-to-list
72.1%
Below asking
What does the Jerome housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $160,000 |
| Median list price | $695,000 |
| Average days on market | 27 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 72.1% |
| Median price per sq ft | $158/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 40.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Jerome by property type?
How the Jerome, AZ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $160,000 | $158/sq ft | 1 | 27 days |
Source: Redfin · Updated monthly
The Jerome housing market is currently classified as a leaning buyer's with a median sale price of $160,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 27 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Jerome
There are currently 5 homes listed for sale in Jerome, Arizona. The median listing price is $695K.
Active listings
5
Homes on market
Median list price
$695K
Avg. days on market
27
Days until sale
New this week
1
Newly listed
Who lives in Jerome?
Population
329
Median income
$37,031/yr
Median age
58.2 years
Owner-occupied
56.9%
College grads
27.9%
Avg commute
16.3 min
Source: U.S. Census Bureau ACS
What is it like to live in Jerome?
Jerome is a community of approximately 0K residents with a median age of 58.2 years.The median household income is $37,031, which represents a working-class community with solid middle-income opportunities. 27.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 56.9%, showing a blend of owner and renter-occupied properties. The average commute time is 16.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Jerome offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Jerome, AZ?
Want a head-to-head view? Compare Jerome side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Jerome?
The median home sale price in Jerome is $160,000, down 0.0% from last year.
How long do homes stay on market in Jerome?
Homes typically spend 27 days on market before going under contract.
What is the median income in Jerome?
The median household income is $37,031 per year.
Is Jerome a buyer's or seller's market?
With 5.0 months of supply, Jerome is currently a leaning buyer's.
How much does a single-family home cost in Jerome?
The median single-family home price in Jerome, AZ is $160,000 (about $158 per square foot).
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