Is Casa Grande, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Casa Grande is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Casa Grande, AZ

How much do homes in Casa Grande, AZ cost?

Median Sold Price

$334,998

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$15,000(-4.3%)

Key Takeaway

Homes in Casa Grande have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in Casa Grande was $334,998 in May 2024, down 4.3% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $75K$153K
+104.0%
2 $288.4K$290K
0.5%
3 $329.9K$315.4K
-4.4%
4 $375K$349.9K
-6.7%
5+ $410K$393.4K
-4.0%

Summary: Casa Grande housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 104%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Cities

Eloy
0.4%
Casa Grande
-4.3%

Housing Supply in Casa Grande, AZ

How many homes are available in Casa Grande, AZ?

Number of Homes For Sale

Apr 2024May 2024CHANGE
578612+5.9%

Summary: The Casa Grande real estate market had 612 homes for sale in May 2024, a 5.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 6665
-1.5%
3 266290
+9.0%
4 195206
+5.6%
5+ 5151
0.0%

Summary: The Casa Grande 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 decreased by 1.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
98108+10.2%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

56 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Casa Grande, expect to pay close to the asking price. 51.9% of homes here sold near the asking price last month.

Summary: A total of 108 homes were sold or pending in Casa Grande in May 2024, up by 10.2% month-over-month. Of the 108 sold homes, 37% were sold under asking, 52% were sold at asking, and 11% were sold over asking.

Days on Market for Casa Grande, AZ

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

Average Sale Time

May 2023May 2024CHANGE
82 Days81 Days-1.0%

Summary: Homes in Casa Grande had an average of 81 days on market in May 2024, down by 1% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

55 Homes Were Sold
In 30 - 90 Days

33 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Casa Grande has remained consistent over time.

Summary: During May 2024, 108 homes were sold in Casa Grande; 19% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 31% 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 16 Days Ago

Newest Listings in Casa Grande, AZ

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