Is Jerome, AZ 86331 a buyer’s or seller’s market?
Jerome is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Jerome housing market right now
In the three months ending August 31, 2026, 0% of homes in Jerome, AZ 86331 sold above their list price, the typical home went under contract in 88 days and there were 16 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Within Yavapai County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Black Canyon City 85324 (25% sold over asking) and Rimrock 86335 (25% sold over asking) are even more competitive.
Run the numbers for 86331
Nearby markets
Black Canyon City 85324Buyer’s market $256 /sq ftCamp Verde 86322Buyer’s market $272 /sq ftChino Valley 86323Balanced $277 /sq ftClarkdale 86324Balanced $280 /sq ft Browse all markets →Where Jerome is
Loading map…
Questions about Jerome real estate
Is Jerome a buyer’s or seller’s market?
A buyer’s market: there were 16 months of supply in Jerome, AZ 86331 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Jerome?
The typical home went under contract in 88 days in the latest three months.
Do homes in Jerome sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.8% of the list price.
What are property taxes in Jerome?
About 0.41% of a home’s value a year in Yavapai County, or roughly $1,640 on a $400,000 home.
What is the median home price in Jerome?
The median sale price was $574,751 in the three months ending August 31, 2026, about $267 per square foot.
Local agents
See all agents in 86331 →No sponsored agents in 86331 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 86331
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology