Is Deer Valley, AZ a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Deer Valley is a neutral's market


Difference Since January 2023

At the same time last year, Deer Valley was a Seller's Market.

Key Takeaway

Deer Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Deer Valley, AZ

How much do homes in Deer Valley, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since January 2023


Key Takeaway

Homes in Deer Valley have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Deer Valley was $600,404 in January 2024, down 2.5% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $270K$287.5K
2 $437K$405.8K
3 $542.3K$534.9K
4 $679.5K$669.3K
5+ $788.2K$821K

Summary: Deer Valley housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Cities

Deer Valley
New River
Cave Creek

Housing Supply in Deer Valley, AZ

How many homes are available in Deer Valley, AZ?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE

Summary: The Deer Valley real estate market had 1,554 homes for sale in January 2024, a 14.4% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 78
2 154190
3 472534
4 506588
5+ 219234

Summary: The Deer Valley housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 6.8%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE

Asking Price vs. Sold Price

159 Homes Were Sold
Under Asking

57 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deer Valley, you may be able to get a good deal. 66% of homes here sold below asking price last month.

Summary: A total of 241 homes were sold or pending in Deer Valley in January 2024, down by 5.1% month-over-month. Of the 241 sold homes, 66% were sold under asking, 24% were sold at asking, and 10% 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

Jan 2023Jan 2024CHANGE
77 Days64 Days-16.5%

Summary: Homes in Deer Valley had an average of 64 days on market in Jan 2024, down by 16.5% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

120 Homes Were Sold
In 30 - 90 Days

56 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Deer Valley has remained consistent over time.

Summary: During January 2024, 241 homes were sold in Deer Valley; 27% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 23% 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 Deer Valley, AZ

Nearby Markets to Deer Valley, AZ

What housing markets are near Deer Valley, AZ?