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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maricopa is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Maricopa has remained a Seller's Market.

Key Takeaway

Maricopa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Maricopa, AZ

How much do homes in Maricopa, AZ cost?

Median Sold Price

$359,978

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$6,160(-1.7%)

Key Takeaway

Homes in Maricopa have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Maricopa was $359,978 in June 2024, down 1.7% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $407.5K-
N/A
2 $366.2K$347.5K
-5.1%
3 $340K$332.9K
-2.1%
4 $377.7K$370K
-2.0%
5+ $430.9K$429.9K
-0.2%

Summary: Maricopa housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 0.2%.

Median Sold Price Compared To Nearby Cities

Gila River
+7.8%
Maricopa
-1.7%
Maricopa-Stanfield
-2.0%

Housing Supply in Maricopa, AZ

How many homes are available in Maricopa, AZ?

Number of Homes For Sale

May 2024Jun 2024CHANGE
789804+1.9%

Summary: The Maricopa real estate market had 804 homes for sale in June 2024, a 1.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 4845
-6.3%
3 335351
+4.8%
4 324330
+1.9%
5+ 8278
-4.9%

Summary: The Maricopa 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 6.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 4.9%.

Number of Homes Sold

May 2024Jun 2024CHANGE
167156-6.6%

Asking Price vs. Sold Price

65 Homes Were Sold
Under Asking

59 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maricopa, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 156 homes were sold or pending in Maricopa in June 2024, down by 6.6% month-over-month. Of the 156 sold homes, 42% were sold under asking, 38% were sold at asking, and 21% were sold over asking.

Days on Market for Maricopa, AZ

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

Average Sale Time

Jun 2023Jun 2024CHANGE
74 Days76 Days+2.9%

Summary: Homes in Maricopa had an average of 76 days on market in Jun 2024, up by 2.9% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

71 Homes Were Sold
In 30 - 90 Days

42 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 156 homes were sold in Maricopa; 28% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 27% 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 24 Days Ago

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