Is Arizona City, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arizona City is a seller's market

Buyer's
Market

Difference Since June 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

$256,995

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$7,011(+2.8%)

Key Takeaway

Homes in Arizona City have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Arizona City was $256,995 in June 2024, up 2.8% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$98.2K
N/A
2 $240K$210K
-12.5%
3 $251.9K$255.9K
+1.6%
4 $248.9K$270.9K
+8.8%
5+ $341K-
N/A

Summary: Arizona City housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Eloy
+9.1%
Arizona City
+2.8%

Housing Supply in Arizona City, AZ

How many homes are available in Arizona City, AZ?

Number of Homes For Sale

May 2024Jun 2024CHANGE
2022030.5%

Summary: The Arizona City real estate market had 203 homes for sale in June 2024, a 0.5% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 1513
-13.3%
3 147146
-0.7%
4 3842
+10.5%
5+ 11
0.0%

Summary: The Arizona City housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
44440.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arizona City, expect to pay close to the asking price. 47.7% of homes here sold near the asking price last month.

Summary: A total of 44 homes were sold or pending in Arizona City in June 2024, the same as the previous month. Of the 44 sold homes, 34% were sold under asking, 48% were sold at asking, and 18% 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

Jun 2023Jun 2024CHANGE
44 Days63 Days+42.3%

Summary: Homes in Arizona City had an average of 63 days on market in Jun 2024, up by 42.3% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Arizona City has remained consistent over time.

Summary: During June 2024, 44 homes were sold in Arizona City; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Arizona City, AZ

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