Real Estate News: Quarter 2, 2024 Flagstaff Real Estate Market Recap

Railroad Springs

2nd Quarter Sales Report 

For Flagstaff in 2024

 

Total Sales for Q2 2024

When comparing year-over-year numbers, sales dropped during Q2 of 2024. There were 189 single-family homes sold from April 1st through June 30th this year. That is down from the 205 sold in the same quarter of 2023 and 258 in 2022. Condos and manufactured homes also saw decreases this past quarter, but there was an increase in townhomes sold, with 51 changing hands during Q2.

 

There were 226 active single-family homes on the market in the Flagstaff area when we ran the numbers on July 18th. There were also 132 pending single-family homes on the same day. We are seeing our inventory levels increasing slightly. We will continue to keep an eye on these levels as we finish up our traditionally busy summer season.

Q2 2024 Total Sales in Flagstaff, AZ


Median Sales Price in Flagstaff in Q2 2024

The median sales price came in at $742,413 for single-family homes during Q2. This is up slightly from the $735,00 we reported last year. We anticipate seeing our prices remain relatively close to these numbers throughout the year. Nothing is indicating a correction is on the horizon with home prices.

Q2 2024 Median Sales Price in Flagstaff, AZ


Average Price per Square Foot for Flagstaff Homes in Q2 2024

The average price per square foot for single-family homes remained over $400/sf, coming in at $404.97 for the quarter.

Q2 2024 Average Price Per Square Foot


Average Sales Price for Flagstaff Homes in Q2 2024

We saw an average sales price of $889,462 for single-family homes in the Flagstaff area during Q2 of this year. That is actually down quite a bit from the $948,517 one year ago.

Q2 2024 Average Sales Price Flagstaff, AZ

WRAP-UP

We are constantly looking at the current market trends and are happy to discuss them with you anytime. Helping our clients buy or sell real estate is all we do. And we’re damn good at it too.

DO NOT tackle the real estate market without a full-time, competent agent who is up to date on the current Flagstaff market. We are here to provide you with the best service. Contact the Best Flagstaff Homes team for all of your Real Estate needs!

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Contact Us

5 W Cherry Ave
Flagstaff, AZ 86001
(928) 714-0001
[email protected]

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