Bisbee AZ Newest Real Estate Listings | Zillow (2024)

FAQs

What is real estate prediction for Arizona? ›

Mortgage Interest Rates: Predicted to stabilize in the second half of 2024. Home Buyers: Likely to increase as mortgage rates stabilize. Home Prices: Set to continue rising due to the low supply-high demand dynamic. New Home Construction Sales: Expected to increase by 3.5% in 2024.

This Arizona city is 1 of the 50 best places to live, and it's not in metro Phoenix. Bisbee, a historic copper mining town nestled in the Mule Mountains about 10 miles north of the Mexican border, was named one of the 50 best places to live in the U.S. by the finance magazine Money.

5,538′

Bisbee / Elevation

Through the MLS other brokers or prospective buyers may view the listing. As Zillow will need to pull the listing from MLS to make it appear on the website, the process of having a listing appear on Zillow is not always immediate. This is one of the most common reasons that certain houses do not show up on Zillow.

Arizona Housing Market Conditions

The current real estate market conditions in Arizona are becoming favorable for home buyers. Here's how: Lower Mortgage Rates: The interest rates for home loans have decreased to 7.01%, marking a decline from approximately 8% in the preceding year of 2023.

Home prices are not dropping in 2024; in fact, they have increased. In May 2024, home prices in Arizona rose by 3.6% year over year, reaching a median price of $451,500.

Between 2021 and 2022 the population of Bisbee, AZ grew from 4,957 to 4,972, a 0.303% increase and its median household income grew from $41,094 to $43,512, a 5.88% increase.

We're generally 10-20 degrees cooler than Arizona's urban centers. Just a scenic drive away from Tucson and Phoenix, Bisbee offers the best year-round climate you'll find anywhere- as well as a surprising selection of tasty, and refreshing options of great food- so nobody leaves unsatisfied.

Woven into the juniper-specked slopes of the Mule Mountains is Bisbee, Arizona, a colorful, quaint town of about 5,000 residents just north of the U.S.-Mexico border. But shh, don't tell anyone. At every corner, Bisbee drips with character and intention.

The seller's agent might have chosen to not list the property on the MLS, where Zillow gets its primary data.

Why do some homes on Zillow not have a zestimate? ›

Insufficient transactional data — It's possible we do not have enough county transactional data, so we cannot calculate a Zestimate.

Please note that updates made at the MLS source may take up to 24 hours to reflect on Zillow. If your listing agent has changed the status of your property from For Sale to pending, under contract, contingent (and more), but Zillow is not: Reflecting the correct status update. Your home is now appearing as Off-market.

Arizona has long been a top choice for real estate investors seeking attractive opportunities in the United States. With its thriving economy, diverse landscapes, and favorable tax environment, the Grand Canyon State offers a range of benefits for those looking to invest in real estate.

Current trends show that demand is high in Phoenix- despite rising home prices. More people want to buy than sell, and for those who succeed, there is an excellent market for renting to tenants and selling on in the future.

Are Home Prices Dropping in Phoenix, AZ? While Phoenix experienced a decline in home values in 2023 compared to the national trend, forecasts for 2024 suggest a slight rebound. A modest increase of 1.5% in average home prices for the entire MSA is expected.

Arizona exemplifies the stress over housing. Over the past decade, the allure of suburban life under cloudless skies has swelled the population of greater Phoenix to five million from 4.2 million, according to census data. The influx pushed housing prices steadily higher.