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Featured local agent — Lake of the Woods, AZ
Sarah Mitchell
Compass Real Estate · Lake of the Woods, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake of the Woods, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$490,000median sale price
How is the Lake of the Woods, AZ housing market right now?
The median home sale price in Lake of the Woods, AZ is $490,000, up 20.0% year-over-year. Homes sell in an average of 49 days with 39 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 of the Woods a buyer's or seller's market?
Lake of the Woods, AZ is currently a buyer's market, based on 13.0 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
49
Average pace
Active listings
39
13.0 months supply
Sale-to-list
97.0%
Below asking
What does the Lake of the Woods housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $490,000 |
| Median list price | $562,000 |
| Year-over-year price change | +20.0% |
| Average days on market | 49 days |
| Active inventory | 39 listings |
| Months of supply | 13.0 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $271/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 12 |
| Listings with a price cut | 43.6% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake of the Woods by property type?
How the Lake of the Woods, 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 | $490,000 | $271/sq ft | 3 | 49 days |
Source: Redfin · Updated monthly
The Lake of the Woods housing market is currently classified as a buyer's market with a median sale price of $490,000. Prices have risen 20.0% compared to last year, with homes spending an average of 49 days on market, indicating 13.0 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 of the Woods
There are currently 39 homes listed for sale in Lake of the Woods, Arizona. The median listing price is $562K.
Active listings
39
Homes on market
Median list price
$562K
Avg. days on market
49
Days until sale
New this week
12
Newly listed
Who lives in Lake of the Woods?
Population
3,227
Median income
$55,531/yr
Median age
54.2 years
Owner-occupied
82.6%
College grads
17.2%
Avg commute
21.5 min
Source: U.S. Census Bureau ACS
What is it like to live in Lake of the Woods?
Lake of the Woods is a community of approximately 3K residents with a median age of 54.2 years.The median household income is $55,531, which represents a working-class community with solid middle-income opportunities. 17.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 82.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake of the Woods offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lake of the Woods, AZ?
Want a head-to-head view? Compare Lake of the Woods 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 of the Woods?
The median home sale price in Lake of the Woods is $490,000, up 20.0% from last year.
How long do homes stay on market in Lake of the Woods?
Homes typically spend 49 days on market before going under contract.
What is the median income in Lake of the Woods?
The median household income is $55,531 per year.
Is Lake of the Woods a buyer's or seller's market?
With 13.0 months of supply, Lake of the Woods is currently a buyer's market.
How much does a single-family home cost in Lake of the Woods?
The median single-family home price in Lake of the Woods, AZ is $490,000 (about $271 per square foot).
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