Is North Pinal, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Pinal is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in North Pinal, AZ

How much do homes in North Pinal, AZ cost?

Median Sold Price

$424,998

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$1(0%)

Key Takeaway

The sold price of homes in North Pinal has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $163.2K$160K
-2.0%
2 $412.9K$432.9K
+4.8%
3 $399.9K$398.2K
-0.4%
4 $450.5K$445.6K
-1.1%
5+ $514K$506.5K
-1.5%

Summary: North Pinal housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 1.5%.

Median Sold Price Compared To Nearby Cities

Superior
+3.7%
Queen Creek
+2.0%
San Tan Valley
+1.3%
North Pinal
0%
Florence
-4.2%

Housing Supply in North Pinal, AZ

How many homes are available in North Pinal, AZ?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,4871,514+1.8%

Summary: The North Pinal real estate market had 1,514 homes for sale in May 2024, a 1.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 74
-42.9%
2 203194
-4.4%
3 631661
+4.8%
4 487490
+0.6%
5+ 159165
+3.8%

Summary: The North Pinal housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 3.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
304341+12.2%

Asking Price vs. Sold Price

156 Homes Were Sold
Under Asking

132 Homes Were Sold
At Asking

53 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Pinal, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.

Summary: A total of 341 homes were sold or pending in North Pinal in May 2024, up by 12.2% month-over-month. Of the 341 sold homes, 46% were sold under asking, 39% were sold at asking, and 16% were sold over asking.

Days on Market for North Pinal, AZ

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

Average Sale Time

May 2023May 2024CHANGE
74 Days67 Days-9.7%

Summary: Homes in North Pinal had an average of 67 days on market in May 2024, down by 9.7% compared to last year.

Breakdown of Home Sale Times

104 Homes Were Sold
Under 30 Days

162 Homes Were Sold
In 30 - 90 Days

75 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Pinal has remained consistent over time.

Summary: During May 2024, 341 homes were sold in North Pinal; 30% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 22% 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 17 Days Ago

Newest Listings in North Pinal, AZ

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