Is East Shea, 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, East Shea has remained a Seller's Market.
Housing Prices in East Shea, AZ
How much do homes in East Shea, AZ cost?
Median Sold Price
$1,295,000
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Shea was $1,295,000 in March 2024, down 0.4% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $894.3K | $905.2K | +1.2% |
3 Bedrooms | $969.5K | $1.0M | +7.0% |
4 Bedrooms | $1.4M | $1.3M | -6.7% |
5+ Bedrooms | $1.7M | $2.0M | +14.2% |
Summary: East Shea housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in East Shea, AZ
How many homes are available in East Shea, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 80 | +2.6% |
Summary: The East Shea real estate market had 80 homes for sale in March 2024, a 2.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 26 | 28 | +7.7% |
5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The East Shea housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in East Shea in March 2024, up by 46.2% month-over-month. Of the 19 sold homes, 74% were sold under asking, 11% were sold at asking, and 16% were sold over asking.
Days on Market for East Shea, AZ
How long does it take to sell a home in East Shea, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 67 Days | +30.7% |
Summary: Homes in East Shea had an average of 67 days on market in Mar 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in East Shea; 26% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.