Is Queen Creek, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Queen Creek was a Neutral Market.
Housing Prices in Queen Creek, AZ
How much do homes in Queen Creek, AZ cost?
Median Sold Price
$599,203
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Queen Creek was $599,203 in February 2024, down 2.7% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.5K | - | N/A |
2 Bedrooms | $511.5K | $493K | -3.6% |
3 Bedrooms | $505.2K | $495K | -2.0% |
4 Bedrooms | $640.3K | $609.7K | -4.8% |
5+ Bedrooms | $800K | $778.7K | -2.7% |
Summary: Queen Creek housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Queen Creek | $613.5K | $600K | -2.2% |
Queen Creek | $615.6K | $599.2K | -2.7% |
North Pinal | $446.1K | $414.9K | -7.0% |
San Tan Valley | $448.9K | $412.4K | -8.1% |
Housing Supply in Queen Creek, AZ
How many homes are available in Queen Creek, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
530 | 568 | +7.2% |
Summary: The Queen Creek real estate market had 568 homes for sale in February 2024, a 7.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 158 | 161 | +1.9% |
4 Bedrooms | 257 | 285 | +10.9% |
5+ Bedrooms | 101 | 108 | +6.9% |
Summary: The Queen Creek 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 increased by 1.9%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
76 | 102 | +34.2% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 102 homes were sold or pending in Queen Creek in February 2024, up by 34.2% month-over-month. Of the 102 sold homes, 51% were sold under asking, 33% were sold at asking, and 16% were sold over asking.
Days on Market for Queen Creek, AZ
How long does it take to sell a home in Queen Creek, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
90 Days | 96 Days | +6.6% |
Summary: Homes in Queen Creek had an average of 96 days on market in Feb 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Summary: During February 2024, 102 homes were sold in Queen Creek; 24% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.