The Village of Oak Creek real estate market saw nearly the same number of home sales as last year while experiencing a huge jump in home sale prices.
The Village of Oak Creek has seen an increase of 0.7 percent in the number of homes sold for 2021 when compared to 2020.
The average home sales price has seen an increase of 33.9 percent during the same time period.
The Sedona Verde Valley Board of REALTORS® (SVVAR) reported that the number of days that homes that sold were on the market for the year has experienced a 58 day decrease to 72 days.
Here is an infographic with the breakdown of how the Village of Oak Creek Real Estate Market has done during 2021.
Village of Oak Creek 2021 Home Sales
For 2021, home sales in the Village of Oak Creek has seen 284 sales which is a 0.7 percent increase when compared to the homes sales of 2020.
Homes under $500,000 have made up 17.2 percent of sales, with homes priced between $500,000 and $999,999 accounting for 69.4 percent of sales. Homes priced over $1,000,000 have come in at 13.4 percent.
Village of Oak Creek 2021 Home Sale Prices
The average home sale price in 2021 reached $760,256, in the Village of Oak Creek which was an increase of 33.9 percent when compared to 2020.
Meanwhile, the median home sale price, $675,000, has seen an increase of 32.4 percent during the same time period.
Village of Oak Creek 2021 Days on Market and Absorption Rate
The inventory of available homes for sale in Village of Oak Creek is extremely low as 2021 finished at 1.2 months. The number of new listings (305) for the year was 37 more than there were in 2020.
A neutral market is 6 months of inventory with numbers above 6 months indicating a buyer’s market (more supply of homes than the demand) and numbers below 6 months, a seller’s market (more homes in demand than homes available on the market).
For more information on how these numbers are affecting you or for a specific neighborhood, contact me for free information.
Village of Oak Creek Current Listings
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