Is Deer Valley, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Deer Valley has remained a Seller's Market.
Housing Prices in Deer Valley, AZ
How much do homes in Deer Valley, AZ cost?
Median Sold Price
$609,595
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Deer Valley was $609,595 in February 2024, down 0.3% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $277.5K | $291.2K | +5.0% |
2 Bedrooms | $431.2K | $410K | -4.9% |
3 Bedrooms | $536K | $540.1K | +0.8% |
4 Bedrooms | $675.7K | $676.3K | 0.1% |
5+ Bedrooms | $799.1K | $825.2K | +3.3% |
Summary: Deer Valley housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Deer Valley | $611.4K | $609.5K | -0.3% |
Cave Creek | $800.8K | $790K | -1.3% |
Peoria | $503.9K | $490.9K | -2.6% |
New River | $646.5K | $624K | -3.5% |
Carefree | $1.2M | $1.0M | -13.7% |
Housing Supply in Deer Valley, AZ
How many homes are available in Deer Valley, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,564 | 1,719 | +9.9% |
Summary: The Deer Valley real estate market had 1,719 homes for sale in February 2024, a 9.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 7 | -22.2% |
2 Bedrooms | 193 | 197 | +2.1% |
3 Bedrooms | 543 | 583 | +7.4% |
4 Bedrooms | 587 | 677 | +15.3% |
5+ Bedrooms | 232 | 255 | +9.9% |
Summary: The Deer Valley housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 9.9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
264 | 343 | +29.9% |
Asking Price vs. Sold Price
224 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 343 homes were sold or pending in Deer Valley in February 2024, up by 29.9% month-over-month. Of the 343 sold homes, 65% were sold under asking, 24% were sold at asking, and 11% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
84 Days | 62 Days | -25.6% |
Summary: Homes in Deer Valley had an average of 62 days on market in Feb 2024, down by 25.6% compared to last year.
Breakdown of Home Sale Times
119 Homes Were Sold
Under 30 Days
132 Homes Were Sold
In 30 - 90 Days
92 Homes Were Sold
Over 90 Days
Summary: During February 2024, 343 homes were sold in Deer Valley; 35% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.