Is Buckeye, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buckeye is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Buckeye has remained a Seller's Market.

Key Takeaway

Buckeye is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Buckeye, AZ

How much do homes in Buckeye, AZ cost?

Median Sold Price

$397,316

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$31,012(-7.2%)

Key Takeaway

Homes in Buckeye have sold for 7.2% less than they did a year ago.

Summary: The median home sold price in Buckeye was $397,316 in March 2024, down 7.2% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $615K$327.2K
-46.8%
2 $454.9K$430.9K
-5.3%
3 $399.9K$369.9K
-7.5%
4 $435.9K$400K
-8.2%
5+ $495K$468K
-5.5%

Summary: Buckeye housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.8%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Cities

Goodyear
-4.2%
Surprise
-4.5%
Buckeye
-7.2%
Waddell
-13.8%

Housing Supply in Buckeye, AZ

How many homes are available in Buckeye, AZ?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,0541,083+2.8%

Summary: The Buckeye real estate market had 1,083 homes for sale in March 2024, a 2.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 206207
0.5%
3 376391
+4.0%
4 385391
+1.6%
5+ 8794
+8.0%

Summary: The Buckeye housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
197241+22.3%

Asking Price vs. Sold Price

106 Homes Were Sold
Under Asking

91 Homes Were Sold
At Asking

44 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buckeye, you may be able to get a good deal. 44% of homes here sold below asking price last month.

Summary: A total of 241 homes were sold or pending in Buckeye in March 2024, up by 22.3% month-over-month. Of the 241 sold homes, 44% were sold under asking, 38% were sold at asking, and 18% were sold over asking.

Days on Market for Buckeye, AZ

How long does it take to sell a home in Buckeye, AZ?

Average Sale Time

Mar 2023Mar 2024CHANGE
80 Days66 Days-16.7%

Summary: Homes in Buckeye had an average of 66 days on market in Mar 2024, down by 16.7% compared to last year.

Breakdown of Home Sale Times

92 Homes Were Sold
Under 30 Days

87 Homes Were Sold
In 30 - 90 Days

62 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Buckeye are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 241 homes were sold in Buckeye; 38% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 26% 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 20 Days Ago

Newest Listings in Buckeye, AZ

Nearby Markets to Buckeye, AZ

What housing markets are near Buckeye, AZ?