Is Sun Groves, 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, Sun Groves has remained a Seller's Market.
Housing Prices in Sun Groves, AZ
How much do homes in Sun Groves, AZ cost?
Median Sold Price
$560,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sun Groves was $560,000 in May 2024, down 1.8% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $560K | $495K | -11.6% |
4 Bedrooms | $561K | $595K | +6.1% |
5+ Bedrooms | $629.5K | $600K | -4.7% |
Summary: Sun Groves 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 did not change, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in Sun Groves, AZ
How many homes are available in Sun Groves, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 19 | -5.0% |
Summary: The Sun Groves real estate market had 19 homes for sale in May 2024, a 5.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Sun Groves 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Sun Groves in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Sun Groves, AZ
How long does it take to sell a home in Sun Groves, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 59 Days | +149.7% |
Summary: Homes in Sun Groves had an average of 59 days on market in May 2024, up by 149.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Sun Groves; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.