Is Eloy, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eloy is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Eloy was a Seller's Market.

Key Takeaway

Eloy is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Eloy, AZ

How much do homes in Eloy, AZ cost?

Median Sold Price

$290,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,010(+1.8%)

Key Takeaway

Homes in Eloy have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Eloy was $290,000 in March 2024, up 1.8% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$75K
N/A
2 $405K$421.2K
+4.0%
3 $254.9K$250K
-2.0%
4 $251.9K$264.9K
+5.1%
5+ $275K$290K
+5.5%

Summary: Eloy 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 4%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Eloy
+1.8%
Arizona City
-1.9%
Casa Grande
-6.9%

Housing Supply in Eloy, AZ

How many homes are available in Eloy, AZ?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
126136+7.9%

Summary: The Eloy real estate market had 136 homes for sale in March 2024, a 7.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 7379
+8.2%
3 4046
+15.0%
4 1211
-8.3%
5+ 00
0.0%

Summary: The Eloy housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1116+45.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eloy, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Eloy in March 2024, up by 45.5% month-over-month. Of the 16 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for Eloy, AZ

How long does it take to sell a home in Eloy, AZ?

Average Sale Time

Mar 2023Mar 2024CHANGE
55 Days61 Days+11.0%

Summary: Homes in Eloy had an average of 61 days on market in Mar 2024, up by 11% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Eloy has remained consistent over time.

Summary: During March 2024, 16 homes were sold in Eloy; 25% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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