Is Deer Valley, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Deer Valley has remained a Seller's Market.
Key Takeaway
Deer Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Deer Valley, AZ cost?
Median Sold Price
$616,920
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$86,929(+16.4%)
Key Takeaway
Homes in Deer Valley have sold for 16.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $228.2K | $262.5K | +15.0% |
| 2 Bedrooms | $365.5K | $440K | +20.4% |
| 3 Bedrooms | $460.1K | $542K | +17.8% |
| 4 Bedrooms | $580.6K | $678.8K | +16.9% |
| 5+ Bedrooms | $699.9K | $790K | +12.9% |
Median Sold Price Compared To Nearby Cities
| Carefree | $950K | $1.2M | +36.6% |
| New River | $536.2K | $644K | +20.1% |
| Cave Creek | $855K | $1.0M | +19.3% |
| Deer Valley | $529.9K | $616.9K | +16.4% |
| Peoria | $430K | $500K | +16.3% |
How many homes are available in Deer Valley, AZ?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 1,601 | 1,485 | -7.2% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 173 | 160 | -7.5% |
| 3 Bedrooms | 607 | 565 | -6.9% |
| 4 Bedrooms | 594 | 556 | -6.4% |
| 5+ Bedrooms | 224 | 202 | -9.8% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 329 | 309 | -6.1% |
Asking Price vs. Sold Price
238 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deer Valley, you may be able to get a good deal. 77% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 35 Days | 68 Days | +92.5% |
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
144 Homes Were Sold
In 30 - 90 Days
89 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Deer Valley has remained consistent over time.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2023 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.