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 2020

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

$530,210

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$109,997(+26.2%)

Key Takeaway

Homes in Deer Valley have sold for 26.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $184.5K$228.2K
+23.7%
2 $298.4K$365.6K
+22.5%
3 $369.6K$459.9K
+24.4%
4 $457.6K$584K
+27.6%
5+ $559.7K$699.9K
+25.1%

Median Sold Price Compared To Nearby Cities

Cave Creek
+34.9%
New River
+32.4%
Deer Valley
+26.2%
Carefree
+26.0%
Peoria
+25.2%

How many homes are available in Deer Valley, AZ?

Number of Homes For Sale

Nov 2021Dec 2021%
1,6671,406-15.7%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 58
+60.0%
2 163145
-11.0%
3 593488
-17.7%
4 616503
-18.3%
5+ 290262
-9.7%

Number of Homes Sold

Nov 2021Dec 2021%
579546-5.7%

Asking Price vs. Sold Price

186 Homes Were Sold
Under Asking

125 Homes Were Sold
At Asking

235 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deer Valley, you could pay more than the asking price. 43% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
45 Days35 Days-22.8%

Breakdown of Home Sale Times

310 Homes Were Sold
Under 30 Days

192 Homes Were Sold
In 30 - 90 Days

44 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Deer Valley are selling fast, if you're buying plan to act quickly.

About Deer Valley, AZ

Number of homes for sale in Deer Valley, AZ real estate market have reached 1,406. The inventory of homes for sale in Deer Valley, AZ between November 2021 and December 2021 decreased by 15.7%. The median list price of listings available in December 2021 was $530,210, while the average time on the real estate market was 35 days. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 23.7%, 2 bedrooms properties became 22.5% more expensive, 3 bedrooms properties prices increased by 24.4%, prices of 4 bedrooms properties went up by 27.6%, the cost of 5 bedrooms properties went up by 25.1%. Volume of homes for sale changed: 1 bedroom homes became 60% more available, 2 bedrooms homes became 11% less available, 3 bedrooms homes became 17.7% less available, 4 bedrooms homes became 18.3% less available, volume of 5 bedrooms homes went down by 9.7%. Over 235 listings were sold over their listed price in December 2021 in Deer Valley, AZ. In the same period over 186 listings were sold below the listed price and 125 listings were sold for the listed price.

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