Is Queen Creek, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Queen Creek has remained a Seller's Market.
Housing Prices in Queen Creek, AZ
How much do homes in Queen Creek, AZ cost?
Median Sold Price
$602,360
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Queen Creek was $602,360 in March 2024, down 2.4% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.5K | - | N/A |
2 Bedrooms | $500K | $497K | -0.6% |
3 Bedrooms | $504.4K | $499.9K | -0.9% |
4 Bedrooms | $640K | $618.6K | -3.3% |
5+ Bedrooms | $786.8K | $780.2K | -0.8% |
Summary: Queen Creek housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
Queen Creek | $617K | $607.4K | -1.6% |
Queen Creek | $617.3K | $602.3K | -2.4% |
San Tan Valley | $440K | $415K | -5.7% |
North Pinal | $440K | $415K | -5.7% |
Housing Supply in Queen Creek, AZ
How many homes are available in Queen Creek, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
563 | 585 | +3.9% |
Summary: The Queen Creek real estate market had 585 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 153 | 164 | +7.2% |
4 Bedrooms | 283 | 289 | +2.1% |
5+ Bedrooms | 110 | 116 | +5.5% |
Summary: The Queen Creek housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 99 | -7.5% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 99 homes were sold or pending in Queen Creek in March 2024, down by 7.5% month-over-month. Of the 99 sold homes, 61% were sold under asking, 29% were sold at asking, and 10% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
88 Days | 80 Days | -9.0% |
Summary: Homes in Queen Creek had an average of 80 days on market in Mar 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During March 2024, 99 homes were sold in Queen Creek; 23% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.