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Featured local agent — Lake Montezuma, AZ
Sarah Mitchell
Compass Real Estate · Lake Montezuma, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Montezuma, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$378,450median sale price
How is the Lake Montezuma, AZ housing market right now?
The median home sale price in Lake Montezuma, AZ is $378,450, down 6.5% year-over-year. Homes sell in an average of 58 days with 31 active listings. The market is currently a buyer's market. (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 Lake Montezuma a buyer's or seller's market?
Lake Montezuma, AZ is currently a buyer's market, based on 7.8 months of supply and homes selling in about 58 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
58
Average pace
Active listings
31
7.8 months supply
Sale-to-list
99.6%
Below asking
What does the Lake Montezuma housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $378,450 |
| Median list price | $305,000 |
| Year-over-year price change | -6.5% |
| Average days on market | 58 days |
| Active inventory | 31 listings |
| Months of supply | 7.8 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $263/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 9 |
| Listings with a price cut | 25.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Montezuma by property type?
How the Lake Montezuma, 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 | $378,450 | $263/sq ft | 4 | 58 days |
| Townhouse | $102,000 | $265/sq ft | 1 | 21 days |
Source: Redfin · Updated monthly
The Lake Montezuma housing market is currently classified as a buyer's market with a median sale price of $378,450. Prices have fallen 6.5% compared to last year, with homes spending an average of 58 days on market, indicating 7.8 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
Homes for sale in Lake Montezuma
There are currently 31 homes listed for sale in Lake Montezuma, Arizona. The median listing price is $305K.
Active listings
31
Homes on market
Median list price
$305K
Avg. days on market
58
Days until sale
New this week
9
Newly listed
Who lives in Lake Montezuma?
Population
4,615
Median income
$54,081/yr
Median age
64.1 years
Owner-occupied
68.9%
College grads
19.5%
Avg commute
29.4 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake Montezuma?
Lake Montezuma is a community of approximately 5K residents with a median age of 64.1 years.The median household income is $54,081, which represents a working-class community with solid middle-income opportunities. 19.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 68.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Montezuma offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake Montezuma, AZ?
Want a head-to-head view? Compare Lake Montezuma side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Montezuma?
The median home sale price in Lake Montezuma is $378,450, down 6.5% from last year.
How long do homes stay on market in Lake Montezuma?
Homes typically spend 58 days on market before going under contract.
What is the median income in Lake Montezuma?
The median household income is $54,081 per year.
Is Lake Montezuma a buyer's or seller's market?
With 7.8 months of supply, Lake Montezuma is currently a buyer's market.
How much does a single-family home cost in Lake Montezuma?
The median single-family home price in Lake Montezuma, AZ is $378,450 (about $263 per square foot).
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