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Featured local agent — Mormon Lake, AZ
Sarah Mitchell
Compass Real Estate · Mormon Lake, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mormon Lake, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$310,000median sale price
How is the Mormon Lake, AZ housing market right now?
The median home sale price in Mormon Lake, AZ is $310,000, up 56.6% year-over-year. Homes sell in an average of 377 days with 5 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 Mormon Lake a buyer's or seller's market?
Mormon Lake, AZ is currently a buyer's market, based on 5.0 months of supply and homes selling in about 377 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
377
Average pace
Active listings
5
5.0 months supply
Sale-to-list
95.4%
Below asking
What does the Mormon Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $310,000 |
| Year-over-year price change | +56.6% |
| Average days on market | 377 days |
| Active inventory | 5 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 95.4% |
| Median price per sq ft | $359/sq ft |
| Homes sold (latest month) | 1 |
| Listings with a price cut | 20.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Mormon Lake by property type?
How the Mormon Lake, 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 | $310,000 | $359/sq ft | 1 | 377 days |
Source: Redfin · Updated monthly
The Mormon Lake housing market is currently classified as a buyer's market with a median sale price of $310,000. Prices have risen 56.6% compared to last year, with homes spending an average of 377 days on market, indicating 5.0 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 Mormon Lake
There are currently 5 homes listed for sale in Mormon Lake, Arizona.
Active listings
5
Homes on market
Avg. days on market
377
Days until sale
Who lives in Mormon Lake?
Population
175
Median age
11.8 years
Owner-occupied
100.0%
Source: U.S. Census Bureau ACS
What are homes worth in Mormon Lake?
Zillow home value
$407,252
Source: Zillow Research
What is it like to live in Mormon Lake?
Mormon Lake is a community of approximately 0K residents with a median age of 11.8 years.0
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment.Overall, Mormon Lake offers a distinctive character that appeals to different lifestyle preferences.
Which cities are near Mormon Lake, AZ?
Want a head-to-head view? Compare Mormon Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mormon Lake?
The median home sale price in Mormon Lake is $310,000, up 56.6% from last year.
How long do homes stay on market in Mormon Lake?
Homes typically spend 377 days on market before going under contract.
Is Mormon Lake a buyer's or seller's market?
With 5.0 months of supply, Mormon Lake is currently a buyer's market.
What is the Zillow home value estimate for Mormon Lake?
The Zillow Home Value Index (ZHVI) for Mormon Lake is $407,252, representing the typical home value in the area.
How much does a single-family home cost in Mormon Lake?
The median single-family home price in Mormon Lake, AZ is $310,000 (about $359 per square foot).
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