Lake Montezuma, AZ
Housing market overview · Updated weekly
$430,000median sale price
Homes sold
3
Last 12 weeks
Days on market
273
Average pace
Active listings
23
7.7 months supply
Sale-to-list
98.3%
Below asking
The Lake Montezuma housing market is currently classified as a buyer's market with a median sale price of $430,000. Prices have risen 15.0% compared to last year, with homes spending an average of 273 days on market, indicating 7.7 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 Lake Montezuma?
The median home sale price in Lake Montezuma is $430,000, up 15.0% from last year.
How long do homes stay on market in Lake Montezuma?
Homes typically spend 273 days on market before going under contract.
Is Lake Montezuma a buyer's or seller's market?
With 7.7 months of supply, Lake Montezuma is currently a buyer's market.
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