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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinal County is a buyer's market

Buyer's
Market

Difference Since February 2022

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

Key Takeaway

Pinal County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Pinal County, AZ cost?

Median Sold Price

$391,049

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2022

+$41,046(+11.7%)

Key Takeaway

Homes in Pinal County have sold for 11.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 $125K$146K
+16.8%
2 $332.2K$380K
+14.4%
3 $331.7K$367.5K
+10.8%
4 $369.7K$405.3K
+9.6%
5+ $423.6K$459.9K
+8.6%

Median Sold Price Compared To Nearby Counties

Pinal County
+11.7%
Maricopa County
+11.5%
Gila County
-0.4%

How many homes are available in Pinal County, AZ?

Number of Homes For Sale

Jan 2023Feb 2023%
3,1793,471+9.2%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 1315
+15.4%
2 423454
+7.3%
3 1,3741,509
+9.8%
4 1,1041,201
+8.8%
5+ 265292
+10.2%

Number of Homes Sold

Jan 2023Feb 2023%
403488+21.1%

Asking Price vs. Sold Price

270 Homes Were Sold
Under Asking

153 Homes Were Sold
At Asking

65 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinal County, you may be able to get a good deal. 55.3% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
38 Days87 Days+126.3%

Breakdown of Home Sale Times

129 Homes Were Sold
Under 30 Days

152 Homes Were Sold
In 30 - 90 Days

207 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pinal County are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Pinal County, AZ

Homes for sale in Pinal County, AZ have reached 3,471. Between January 2023 and February 2023, Pinal County, AZ real estate market has seen increase in the number of listings by 9.2%. Listings spent 87 days on the market in February 2023, and had a median list price of $391,049 during the same period. From January 2023 through February 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 16.8%, prices of 2 bedrooms properties increased by 14.4%, 3 bedrooms properties prices increased by 10.8%, prices of 4 bedrooms properties went up by 9.6%, the cost of 5 bedrooms properties went up by 8.6%. This housing market inventory have changed: 1 bedroom homes inventory increased by 15.4%, 2 bedrooms homes became 7.3% more available, number of 3 bedrooms homes increased by 9.8%, number of 4 bedrooms homes increased by 8.8%, 5 bedrooms homes inventory increased by 10.2%. In February 2023 more than 65 listings in Pinal County, AZ were sold above the asking price. During the same period more than 153 listings were sold at asking price, while more than 270 were sold below.

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