Is Laveen, 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, Laveen has remained a Seller's Market.
Housing Prices in Laveen, AZ
How much do homes in Laveen, AZ cost?
Median Sold Price
$433,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Laveen was $433,000 in March 2024, down 3.1% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $345K | $315K | -8.7% |
3 Bedrooms | $412.7K | $402.9K | -2.4% |
4 Bedrooms | $460.3K | $455.3K | -1.1% |
5+ Bedrooms | $516K | $505.4K | -2.0% |
Summary: Laveen 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 decreased by 8.7%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
Laveen | $446.8K | $433K | -3.1% |
Rogers Ranch | $434K | $395K | -9.0% |
Housing Supply in Laveen, AZ
How many homes are available in Laveen, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
227 | 248 | +9.3% |
Summary: The Laveen real estate market had 248 homes for sale in March 2024, a 9.3% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 81 | 98 | +21.0% |
4 Bedrooms | 106 | 106 | 0.0% |
5+ Bedrooms | 36 | 41 | +13.9% |
Summary: The Laveen 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 25%, 3 bedroom homes increased by 21%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 52 | -11.9% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Laveen in March 2024, down by 11.9% month-over-month. Of the 52 sold homes, 50% were sold under asking, 35% were sold at asking, and 15% were sold over asking.
Days on Market for Laveen, AZ
How long does it take to sell a home in Laveen, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
88 Days | 58 Days | -33.8% |
Summary: Homes in Laveen had an average of 58 days on market in Mar 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 52 homes were sold in Laveen; 33% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.