Is Deer Valley, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$615,001
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Deer Valley was $615,001 in March 2024, up 1.7% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $277.5K | $287.5K | +3.6% |
2 Bedrooms | $429.7K | $410K | -4.6% |
3 Bedrooms | $530.7K | $544.9K | +2.7% |
4 Bedrooms | $672.6K | $679.2K | +1.0% |
5+ Bedrooms | $800.2K | $828.7K | +3.6% |
Summary: Deer Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Deer Valley | $604.7K | $615K | +1.7% |
Cave Creek | $799.9K | $806.1K | +0.8% |
Peoria | $499.9K | $497.9K | -0.4% |
New River | $642K | $625K | -2.6% |
Carefree | $1.1M | $1.0M | -9.7% |
Housing Supply in Deer Valley, AZ
How many homes are available in Deer Valley, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,749 | 1,881 | +7.5% |
Summary: The Deer Valley real estate market had 1,881 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 198 | 202 | +2.0% |
3 Bedrooms | 602 | 651 | +8.1% |
4 Bedrooms | 692 | 727 | +5.1% |
5+ Bedrooms | 250 | 295 | +18.0% |
Summary: The Deer Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 18%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
380 | 404 | +6.3% |
Asking Price vs. Sold Price
262 Homes Were Sold
Under Asking
103 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 404 homes were sold or pending in Deer Valley in March 2024, up by 6.3% month-over-month. Of the 404 sold homes, 65% were sold under asking, 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 57 Days | -20.6% |
Summary: Homes in Deer Valley had an average of 57 days on market in Mar 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
161 Homes Were Sold
Under 30 Days
158 Homes Were Sold
In 30 - 90 Days
85 Homes Were Sold
Over 90 Days
Summary: During March 2024, 404 homes were sold in Deer Valley; 40% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.