Is Phoenix Valley West, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Phoenix Valley West is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Phoenix Valley West has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Phoenix Valley West, AZ

How much do homes in Phoenix Valley West, AZ cost?

Median Sold Price

$362,500

$238/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$2,500(-0.7%)

Key Takeaway

Homes in Phoenix Valley West have sold for 0.7% less than they did a month ago.

Summary: The median home sold price in Phoenix Valley West was $362,500 in February 2024, down 0.7% from last month, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $365K$362.5K
-0.7%
5+ --
N/A

Summary: Phoenix Valley West housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes did not change.

Housing Supply in Phoenix Valley West, AZ

How many homes are available in Phoenix Valley West, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
32-33.3%

Summary: The Phoenix Valley West real estate market had 2 homes for sale in February 2024, a 33.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Phoenix Valley West housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phoenix Valley West, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Phoenix Valley West in February 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Phoenix Valley West, AZ

How long does it take to sell a home in Phoenix Valley West, AZ?

Average Sale Time

Jan 2024Feb 2024CHANGE
28 Days68 Days+142.9%

Summary: Homes in Phoenix Valley West had an average of 68 days on market in Feb 2024, up by 142.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Phoenix Valley West has remained consistent over time.

Summary: During February 2024, 1 homes were sold in Phoenix Valley West; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

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