Is Maricopa County, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Maricopa County has remained a Seller's Market.
Key Takeaway
Maricopa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maricopa County, AZ
How much do homes in Maricopa County, AZ cost?
Median Sold Price
$475,086
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Maricopa County have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Maricopa County was $475,086 in June 2024, up 3.5% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230.8K | $239.7K | +3.9% |
| 2 Bedrooms | $349.9K | $361.1K | +3.2% |
| 3 Bedrooms | $439.6K | $454.5K | +3.4% |
| 4 Bedrooms | $550K | $574.6K | +4.5% |
| 5+ Bedrooms | $739K | $786.6K | +6.4% |
Summary: Maricopa County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Counties
| Gila County | $409.3K | $453K | +10.7% |
| Yavapai County | $549.7K | $585.1K | +6.4% |
| Maricopa County | $458.8K | $475K | +3.5% |
| Pinal County | $368.3K | $364.9K | -0.9% |
Housing Supply in Maricopa County, AZ
How many homes are available in Maricopa County, AZ?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 23,017 | 22,087 | -4.0% |
Summary: The Maricopa County real estate market had 22,087 homes for sale in June 2024, a 4.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 495 | 497 | 0.4% |
| 2 Bedrooms | 4,492 | 4,183 | -6.9% |
| 3 Bedrooms | 8,564 | 8,251 | -3.7% |
| 4 Bedrooms | 6,902 | 6,599 | -4.4% |
| 5+ Bedrooms | 2,564 | 2,557 | -0.3% |
Summary: The Maricopa County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.4%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 0.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5,829 | 4,860 | -16.6% |
Asking Price vs. Sold Price
2,679 Homes Were Sold
Under Asking
1,387 Homes Were Sold
At Asking
794 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maricopa County, you may be able to get a good deal. 55.1% of homes here sold below asking price last month.
Summary: A total of 4,860 homes were sold or pending in Maricopa County in June 2024, down by 16.6% month-over-month. Of the 4,860 sold homes, 55% were sold under asking, 29% were sold at asking, and 16% were sold over asking.
Days on Market for Maricopa County, AZ
How long does it take to sell a home in Maricopa County, AZ?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 58 Days | 59 Days | +1.5% |
Summary: Homes in Maricopa County had an average of 59 days on market in Jun 2024, up by 1.5% compared to last year.
Breakdown of Home Sale Times
1,724 Homes Were Sold
Under 30 Days
2,175 Homes Were Sold
In 30 - 90 Days
961 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Maricopa County has remained consistent over time.
Summary: During June 2024, 4860 homes were sold in Maricopa County; 35% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than this broker are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved.
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