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Featured local agent — Patagonia, AZ
Sarah Mitchell
Compass Real Estate · Patagonia, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Patagonia, AZ Housing Market
The typical home in Patagonia, AZ is worth $397,172, rose 2.2% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $197,500 (through May 2026). With 3.5 months of supply and homes going under contract in about 148 days, Patagonia is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $397,172 home is about $2,042/mo in principal and interest.
Key numbers for Patagonia, AZ
Typical home value
$397,172
+2.2% in 12 months
Zillow, July 2026
Median sale price
$197,500
Last published period
Redfin, through May 2026
Days on market
148
Slow-moving
Redfin, through May 2026
Active listings
7
3.5 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$29,844
Home costs 13.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Patagonia a buyer's or seller's market?
Patagonia, AZ is a balanced market, based on 3.5 months of supply and homes selling in about 148 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Patagonia housing market data show?
Every row below is Redfin's final published month for Patagonia, AZ. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $197,500 |
| Median list price | $490,000 |
| Median price per sq ft | $160/sq ft |
| Median days on market | 148 days |
| Active inventory | 7 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 2 |
| New listings (that month) | 1 |
| Listings with a price cut | 57.1% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Patagonia is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Patagonia is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Patagonia home prices moved?
Across the 31 months we hold for Patagonia, AZ, the median sale price fell 19.4%, from $245,000 in April 2021 to $197,500. The live Zillow value series has rose 2.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 57.1% of Patagonia listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 3.5 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Patagonia?
Priced off the typical home value of $397,172 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $79,434 | $317,737 | $2,042/mo |
| 5% | $19,859 | $377,313 | $2,425/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,042, that implies roughly $87,509 a year before you add taxes and insurance. The median household in Patagonia earns $29,844, about $57,665 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 13.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Patagonia in the next 12 months?
Tell us your timeline. We send the Patagonia market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Patagonia?
Zillow does not publish a rent index (ZORI) for Patagonia, AZ, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Patagonia?
Active listings in Patagonia, AZ went from 3 in April 2023 to 7 in May 2026, a +133.3% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| May 2023 | 3 | 1 |
| January 2024 | 2 | 1 |
| February 2024 | 2 | 2 |
| March 2024 | 2 | 1 |
| January 2025 | 3 | 2 |
| March 2025 | 3 | not published |
| April 2025 | 3 | 1 |
| September 2025 | 5 | 2 |
| January 2026 | 5 | not published |
| February 2026 | 8 | 4 |
| April 2026 | 8 | 3 |
| May 2026 | 7 | 1 |
Redfin, through May 2026
How does Patagonia compare to Arizona and the U.S.?
Patagonia homes sell for $197,500 — 56% below the Arizona median of $453,800. Against the national median of $410,700, Patagonia runs 52% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Patagonia, AZ | $197,500 | not published | 148 days |
| Arizona statewide | $453,800 | +0.5% | 62 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Patagonia
What buyers should watch
- Months of supply, currently 3.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 57.1%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $383 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $397,172 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Patagonia listing goes under contract in 148 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month Patagonia added 1 new listings against 2 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +2.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Patagonia varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Patagonia
There are currently 7 homes listed for sale in Patagonia, Arizona. The median listing price is $490K.
Active listings
7
Homes on market
Median list price
$490K
Avg. days on market
148
Days until sale
New this week
1
Newly listed
How much do homes cost in Patagonia by property type?
How the Patagonia, AZ market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $197,500 | $160/sq ft | 2 | 148 days |
Who lives in Patagonia?
American Community Survey estimates for Patagonia. U.S. Census ACS, 2023
Population
882
Households
474
Median income
$29,844/yr
Median age
55 years
Owner-occupied
46.8%
Median home value
$332,700
Median gross rent
$827/mo
Mean commute
21 min
46.8% of occupied homes in Patagonia are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $332,700 against Zillow's $397,172 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Patagonia?
4 schools tracked · 220 students
The largest public schools serving Patagonia, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Patagonia Elementary School
Grades PK-8 · 114 students
Patagonia Union High School
Grades 9-12 · 80 students
Patagonia Montessori School
Grades K-8 · 26 students
CTD - Patagonia High School
Grades 9-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Patagonia, AZ?
Ordered by distance from Patagonia, not by size. Compare Patagonia side by side with any of them.
Patagonia housing market FAQ
Is Patagonia a buyer's or seller's market?
Patagonia, AZ is currently a balanced market. That read comes from 3.5 months of supply, homes going under contract in about 148 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Patagonia?
The typical home in Patagonia, AZ is worth $397,172 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $197,500, about $160 per square foot.
Is Patagonia cheaper than the rest of Arizona?
Patagonia's median sale price of $197,500 is 56% lower than the Arizona statewide median of $453,800, and 52% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Patagonia?
Homes in Patagonia, AZ spent a median of 148 days on market before going under contract, versus 62 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Patagonia?
At the current 30-year fixed rate of 6.66%, 20% down on a $397,172 home is about $2,042 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $87,509 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $29,844.
Are home prices rising in Patagonia?
The typical home value in Patagonia, AZ rose 2.2% over the last 12 months, from $388,442 to $397,172 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Patagonia?
Patagonia ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Patagonia?
That depends on your timeline, not on a headline. What the data says today: Patagonia, AZ is a balanced market with 3.5 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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