Hello, everyone. I'm Rachel Gibson, REALTOR® here in Kingman, Arizona. Today, I'm excited to bring you a land market update. Today is August 7, 2024.

Let's dive into the numbers. Currently, we have a 12.98 Months Supply of Inventory in Kingman. This means that it would take approximately 12.98 months to sell all the homes on the market if no new listings were added. Over the last 12 months, we have seen a decrease of -7.42% in Months Supply of Inventory, indicating a more competitive market for buyers.

The List to Sold Price percentage in Kingman is 89.1%, showing that sellers are able to negotiate prices closer to their listing price. The Median days on market is 60, meaning that land is selling relatively quickly in our area.

the Median Sold Price. In Kingman, the Median Sold Price for land is $16,750. This number does not r ...