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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Goodyear is a neutral's market

Buyer's
Market

Difference Since January 2023

Since last year, Goodyear has remained a Neutral Market.

Key Takeaway

Goodyear is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Goodyear, AZ

How much do homes in Goodyear, AZ cost?

Median Sold Price

$478,257

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$26,672(-5.3%)

Key Takeaway

Homes in Goodyear have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in Goodyear was $478,257 in January 2024, down 5.3% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $285K$257.5K
-9.6%
2 $495K$467.4K
-5.6%
3 $469.8K$440.9K
-6.1%
4 $529K$498.8K
-5.7%
5+ $650K$600K
-7.7%

Summary: Goodyear housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 7.7%.

Median Sold Price Compared To Nearby Cities

Glendale
-2.6%
Avondale
-4.0%
Goodyear
-5.3%
Litchfield Park
-11.8%

Housing Supply in Goodyear, AZ

How many homes are available in Goodyear, AZ?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
557605+8.6%

Summary: The Goodyear real estate market had 605 homes for sale in January 2024, a 8.6% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 117131
+12.0%
3 202223
+10.4%
4 197197
0.0%
5+ 4154
+31.7%

Summary: The Goodyear housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 10.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 31.7%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
11494-17.5%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Goodyear, you may be able to get a good deal. 59.6% of homes here sold below asking price last month.

Summary: A total of 94 homes were sold or pending in Goodyear in January 2024, down by 17.5% month-over-month. Of the 94 sold homes, 60% were sold under asking, 29% were sold at asking, and 12% were sold over asking.

Days on Market for Goodyear, AZ

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

Average Sale Time

Jan 2023Jan 2024CHANGE
84 Days71 Days-15.9%

Summary: Homes in Goodyear had an average of 71 days on market in Jan 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

26 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 94 homes were sold in Goodyear; 28% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 28% 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 29 Days Ago

Newest Listings in Goodyear, AZ

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