Is Maricopa, 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, Maricopa has remained a Seller's Market.
Housing Prices in Maricopa, AZ
How much do homes in Maricopa, AZ cost?
Median Sold Price
$356,433
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Maricopa was $356,433 in March 2024, down 8.6% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $407.5K | N/A |
2 Bedrooms | $377.5K | $349.9K | -7.3% |
3 Bedrooms | $369K | $334.9K | -9.2% |
4 Bedrooms | $400.2K | $368K | -8.0% |
5+ Bedrooms | $445.6K | $429.9K | -3.5% |
Summary: Maricopa 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 7.3%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
Maricopa | $390K | $356.4K | -8.6% |
Maricopa-Stanfield | $389.9K | $355.9K | -8.7% |
Housing Supply in Maricopa, AZ
How many homes are available in Maricopa, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
720 | 771 | +7.1% |
Summary: The Maricopa real estate market had 771 homes for sale in March 2024, a 7.1% 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 | 57 | 58 | +1.8% |
3 Bedrooms | 298 | 343 | +15.1% |
4 Bedrooms | 275 | 285 | +3.6% |
5+ Bedrooms | 90 | 85 | -5.6% |
Summary: The Maricopa 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 increased by 1.8%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
112 | 175 | +56.3% |
Asking Price vs. Sold Price
74 Homes Were Sold
Under Asking
67 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 175 homes were sold or pending in Maricopa in March 2024, up by 56.3% month-over-month. Of the 175 sold homes, 42% were sold under asking, 38% were sold at asking, and 19% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 78 Days | -17.1% |
Summary: Homes in Maricopa had an average of 78 days on market in Mar 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
71 Homes Were Sold
In 30 - 90 Days
59 Homes Were Sold
Over 90 Days
Summary: During March 2024, 175 homes were sold in Maricopa; 26% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.