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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deer Valley is a 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

# BEDSDec 2021Dec 2022%
1 $228.2K$262.5K
+15.0%
2 $365.5K$440K
+20.4%
3 $460.1K$542K
+17.8%
4 $580.6K$678.8K
+16.9%
5+ $699.9K$790K
+12.9%

Median Sold Price Compared To Nearby Cities

Carefree
+36.6%
New River
+20.1%
Cave Creek
+19.3%
Deer Valley
+16.4%
Peoria
+16.3%

How many homes are available in Deer Valley, AZ?

Number of Homes For Sale

Nov 2022Dec 2022%
1,6011,485-7.2%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 32
-33.3%
2 173160
-7.5%
3 607565
-6.9%
4 594556
-6.4%
5+ 224202
-9.8%

Number of Homes Sold

Nov 2022Dec 2022%
329309-6.1%

Asking Price vs. Sold Price

238 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Dec 2022%
35 Days68 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

Breakdown of Home Sale Times

Key Takeaway

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

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

About Deer Valley, AZ

Homes for sale in Deer Valley, AZ have reached 1,485. In December 2022 in Deer Valley, AZ there were 7.2% less homes for sale than in November 2022. The median list price of listings available in December 2022 was $616,920, while the average time on the real estate market was 68 days. Real estate listing prices changed between November 2022 and December 2022: 1 bedroom properties became 15% more expensive, prices of 2 bedrooms properties increased by 20.4%, 3 bedrooms properties prices increased by 17.8%, the cost of 4 bedrooms properties went up by 16.9%, prices of 5 bedrooms properties increased by 12.9%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 33.3%, 2 bedrooms homes inventory decreased by 7.5%, 3 bedrooms homes inventory decreased by 6.9%, 4 bedrooms homes inventory decreased by 6.4%, 5 bedrooms homes inventory decreased by 9.8%. Over 31 listings were sold over their listed price in December 2022 in Deer Valley, AZ. In the same period over 238 listings were sold below the listed price and 40 listings were sold for the listed price.

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