Hereford Housing Market Report December 2024•Cochise County, Arizona

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Housing Prices in Hereford, AZ

How much do homes in Hereford, AZ cost?

Housing Market Conditions

Is Hereford, AZ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Hereford is a Buyer's Market

Difference Since December 2023

At the same time last year, Hereford was a Neutral Market.

Insight

Hereford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$440,000$211/SqFt
+$40,000
+10.0%

Based on all homes sold in the last 12 months

Insight

Homes in Hereford have sold for 10% more than they did a year ago.

Summary: The median home sold price in Hereford was $440,000 in December 2024, up 10% from last year, and the median price per square foot was $211.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Hereford
+10.0%
Sierra Vista
+5.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$125K$239K
+91.2%
2$244K$362K
+48.4%
3$340K$429.5K
+26.3%
4$510K$475K
-6.9%
5$271K$674.5K
+148.9%

Summary: Hereford housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +91.2%. The home price for 2 bedroom homes increased by +48.4%. The home price for 3 bedroom homes increased by +26.3%. The home price for 4 bedroom homes decreased by -6.9%. The home price for 5 bedroom homes increased by +148.9%.

Housing supply in Hereford, AZ

How many homes are available in Hereford, AZ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
73Last MonthDec 2024
642 months agoNov 2024
+14.1 %
Change MoMNov – Dec

Summary: The Hereford real estate market had 73 homes for sale in Dec 2024, a 14.1 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
8Last MonthDec 2024
102 months agoNov 2024
-20.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
235
+66.7%
32734
+25.9%
43031
+3.3%
543
-25.0%

Summary: Hereford housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +66.7%. The inventory for 3 bedroom homes increased by +25.9%. The inventory for 4 bedroom homes increased by +3.3%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in Hereford, AZ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price6 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in Hereford, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Hereford in December 2024, down by 20.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 75% were sold at asking, and and 0% were sold over asking.

Days on Market for Hereford, AZ

How long does it take to sell a home in Hereford, AZ?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days3 Homes

Over 90 Days2 Homes

Insight

Many homes in Hereford are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 8 homes were sold in Hereford; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
49 DaysThis YearDec 2024
45 Days1 year agoDec 2023
+8.8 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Hereford had an average listing age of 49 days in Dec 2024, up by 8.8% compared to the previous year.

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Newest Listings in Hereford, AZ

What homes are available in Hereford, AZ?

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MLS Disclaimers and Copyright

Based on information from Arizona Regional MLS, and MLS of Southern Arizona for the period 01/01/2023 - 01/01/2025

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than this broker are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2025 MLS of Southern Arizona. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.