Is Arizona City, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Arizona City has remained a Seller's Market.
Key Takeaway
Arizona City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arizona City, AZ
How much do homes in Arizona City, AZ cost?
Median Sold Price
$254,995
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Arizona City have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Arizona City was $254,995 in May 2024, up 0.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $229.9K | $220K | -4.3% |
| 3 Bedrooms | $257K | $256.9K | 0% |
| 4 Bedrooms | $249.9K | $257.9K | +3.2% |
| 5+ Bedrooms | $355K | - | N/A |
Summary: Arizona City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Arizona City | $253.2K | $254.9K | +0.7% |
| Eloy | $278.4K | $279.5K | 0.4% |
Housing Supply in Arizona City, AZ
How many homes are available in Arizona City, AZ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 181 | 206 | +13.8% |
Summary: The Arizona City real estate market had 206 homes for sale in May 2024, a 13.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 129 | 148 | +14.7% |
| 4 Bedrooms | 35 | 40 | +14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Arizona City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 42 | +68.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arizona City, expect to pay close to the asking price. 45.2% of homes here sold near the asking price last month.
Summary: A total of 42 homes were sold or pending in Arizona City in May 2024, up by 68.0% month-over-month. Of the 42 sold homes, 29% were sold under asking, 45% were sold at asking, and 26% were sold over asking.
Days on Market for Arizona City, AZ
How long does it take to sell a home in Arizona City, AZ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 60 Days | +9.6% |
Summary: Homes in Arizona City had an average of 60 days on market in May 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Arizona City has remained consistent over time.
Summary: During May 2024, 42 homes were sold in Arizona City; 40% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
The 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 2024 MLS of Southern Arizona. All Rights Reserved.