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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maricopa County is a neutral's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Maricopa County, AZ cost?

Median Sold Price

$476,924

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$71,670(+17.7%)

Key Takeaway

Homes in Maricopa County have sold for 17.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $195K$238.8K
+22.4%
2 $301.8K$365K
+20.9%
3 $390.1K$460.3K
+18.0%
4 $486.1K$571K
+17.5%
5+ $670K$765K
+14.2%

Median Sold Price Compared To Nearby Counties

Pinal County
+20.3%
Maricopa County
+17.7%
Yavapai County
+9.2%
Gila County
+3.0%

How many homes are available in Maricopa County, AZ?

Number of Homes For Sale

Oct 2022Nov 2022%
22,48422,5020.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 395419
+6.1%
2 4,1244,222
+2.4%
3 8,9878,948
-0.4%
4 6,6996,669
-0.4%
5+ 2,2792,244
-1.5%

Number of Homes Sold

Oct 2022Nov 2022%
4,0953,678-10.2%

Asking Price vs. Sold Price

2,404 Homes Were Sold
Under Asking

815 Homes Were Sold
At Asking

459 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maricopa County, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
31 Days57 Days+81.0%

Breakdown of Home Sale Times

1,182 Homes Were Sold
Under 30 Days

1,689 Homes Were Sold
In 30 - 90 Days

807 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Maricopa County, AZ

Maricopa County, AZ has 22,502 homes for sale to choose from. The number of homes for sale in Maricopa County, AZ increased by 0.1% between October 2022 and November 2022. Listings spent 57 days on the market in November 2022, and had a median list price of $476,924 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 22.4%, 2 bedrooms properties became 20.9% more expensive, prices of 3 bedrooms properties increased by 18%, prices of 4 bedrooms properties went up by 17.5%, prices of 5 bedrooms properties increased by 14.2%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went up by 6.1%, the quantity of 2 bedrooms homes went up by 2.4%, 3 bedrooms homes inventory decreased by 0.4%, the quantity of 4 bedrooms homes went down by 0.4%, the quantity of 5 bedrooms homes went down by 1.5%. In November 2022, from all listings sold in Maricopa County, AZ there were more than 459 sold above asking price, over 2404 sold below and more than 815 were sold right at the asked price.

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