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Featured local agent — New River, AZ
Sarah Mitchell
Compass Real Estate · New River, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New River, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$725,000median sale price
How is the New River, AZ housing market right now?
The median home sale price in New River, AZ is $725,000, down 12.9% year-over-year. Homes sell in an average of 125 days with 148 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 New River a buyer's or seller's market?
New River, AZ is currently a buyer's market, based on 7.0 months of supply and homes selling in about 125 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
125
Average pace
Active listings
148
7.0 months supply
Sale-to-list
96.5%
Below asking
What does the New River housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $725,000 |
| Median list price | $880,000 |
| Year-over-year price change | -12.9% |
| Average days on market | 125 days |
| Active inventory | 148 listings |
| Months of supply | 7.0 months |
| Sale-to-list price ratio | 96.5% |
| Median price per sq ft | $319/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 40 |
| Listings with a price cut | 27.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in New River by property type?
How the New River, 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 | $725,000 | $319/sq ft | 21 | 125 days |
Source: Redfin · Updated monthly
The New River housing market is currently classified as a buyer's market with a median sale price of $725,000. Prices have fallen 12.9% compared to last year, with homes spending an average of 125 days on market, indicating 7.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 6.4x provides context for how home values compare to local earning capacity.
Homes for sale in New River
There are currently 148 homes listed for sale in New River, Arizona. The median listing price is $880K.
Active listings
148
Homes on market
Median list price
$880K
Avg. days on market
125
Days until sale
New this week
40
Newly listed
Who lives in New River?
Population
18,365
Median income
$120,279/yr
Median age
50.6 years
Owner-occupied
94.4%
College grads
31.6%
Avg commute
33.5 min
Source: U.S. Census Bureau ACS
What are homes worth in New River?
Zillow home value
$767,945
Price-to-income
6.4x
Source: Zillow Research
What is it like to live in New River?
New River is a community of approximately 18K residents with a median age of 50.6 years.The median household income is $120,279, which reflects a relatively affluent area with strong earning potential. 31.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 94.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.5 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, New River offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near New River, AZ?
Want a head-to-head view? Compare New River side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New River?
The median home sale price in New River is $725,000, down 12.9% from last year.
How long do homes stay on market in New River?
Homes typically spend 125 days on market before going under contract.
What is the median income in New River?
The median household income is $120,279 per year.
Is New River a buyer's or seller's market?
With 7.0 months of supply, New River is currently a buyer's market.
What is the Zillow home value estimate for New River?
The Zillow Home Value Index (ZHVI) for New River is $767,945, representing the typical home value in the area.
How much does a single-family home cost in New River?
The median single-family home price in New River, AZ is $725,000 (about $319 per square foot).
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