Picacho Hills's real estate market is experiencing a price correction, with values down 28.1% from last year. The median home price has fallen to $485,000, a significant 28.1% decrease year-over-year. With 37 active listings, inventory is 68% higher than seasonal norms. Homes are now taking an average of 48 days to sell, significantly longer than the 9 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Picacho Hills market with the affordability index at 1997.9. Looking ahead, the Picacho Hills market is expected to maintain its current trajectory with relatively stable conditions.