Is Deer Valley, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$620,515
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Deer Valley was $620,515 in June 2024, up 4.8% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $295K | +9.3% |
2 Bedrooms | $415K | $415.5K | 0.1% |
3 Bedrooms | $520K | $553.9K | +6.5% |
4 Bedrooms | $651.1K | $689.2K | +5.9% |
5+ Bedrooms | $796.6K | $840.7K | +5.5% |
Summary: Deer Valley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Cave Creek | $771.1K | $811K | +5.2% |
Deer Valley | $592.1K | $620.5K | +4.8% |
Peoria | $489.5K | $499.6K | +2.1% |
New River | $635K | $625K | -1.6% |
Carefree | $1.1M | $1.0M | -5.4% |
Housing Supply in Deer Valley, AZ
How many homes are available in Deer Valley, AZ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,951 | 1,920 | -1.6% |
Summary: The Deer Valley real estate market had 1,920 homes for sale in June 2024, a 1.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 191 | 184 | -3.7% |
3 Bedrooms | 659 | 671 | +1.8% |
4 Bedrooms | 778 | 743 | -4.5% |
5+ Bedrooms | 320 | 319 | -0.3% |
Summary: The Deer Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 0.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
448 | 369 | -17.6% |
Asking Price vs. Sold Price
214 Homes Were Sold
Under Asking
107 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 369 homes were sold or pending in Deer Valley in June 2024, down by 17.6% month-over-month. Of the 369 sold homes, 58% were sold under asking, 29% were sold at asking, and 13% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
55 Days | 57 Days | +3.6% |
Summary: Homes in Deer Valley had an average of 57 days on market in Jun 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
131 Homes Were Sold
Under 30 Days
166 Homes Were Sold
In 30 - 90 Days
72 Homes Were Sold
Over 90 Days
Summary: During June 2024, 369 homes were sold in Deer Valley; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.