Is Deer Valley, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Deer Valley has remained a Seller's Market.
Housing Prices in Deer Valley, AZ
How much do homes in Deer Valley, AZ cost?
Median Sold Price
$615,887
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Deer Valley was $615,887 in April 2024, up 2.5% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $290K | +1.8% |
2 Bedrooms | $424.9K | $411.3K | -3.2% |
3 Bedrooms | $527.3K | $549.8K | +4.3% |
4 Bedrooms | $665.9K | $685.3K | +2.9% |
5+ Bedrooms | $800.1K | $836.6K | +4.6% |
Summary: Deer Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
Deer Valley | $600.6K | $615.8K | +2.5% |
Cave Creek | $797.4K | $805.4K | +1.0% |
Peoria | $498.3K | $499.8K | 0.3% |
New River | $644.5K | $624.5K | -3.1% |
Carefree | $1.2M | $1.0M | -20.8% |
Housing Supply in Deer Valley, AZ
How many homes are available in Deer Valley, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,905 | 1,965 | +3.1% |
Summary: The Deer Valley real estate market had 1,965 homes for sale in April 2024, a 3.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 201 | 211 | +5.0% |
3 Bedrooms | 657 | 684 | +4.1% |
4 Bedrooms | 748 | 748 | 0.0% |
5+ Bedrooms | 293 | 317 | +8.2% |
Summary: The Deer Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
408 | 463 | +13.5% |
Asking Price vs. Sold Price
309 Homes Were Sold
Under Asking
104 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 463 homes were sold or pending in Deer Valley in April 2024, up by 13.5% month-over-month. Of the 463 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Deer Valley, AZ
How long does it take to sell a home in Deer Valley, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 65 Days | -1.8% |
Summary: Homes in Deer Valley had an average of 65 days on market in Apr 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
158 Homes Were Sold
Under 30 Days
194 Homes Were Sold
In 30 - 90 Days
111 Homes Were Sold
Over 90 Days
Summary: During April 2024, 463 homes were sold in Deer Valley; 34% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.