Is Queen Creek, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Queen Creek is a neutral's market

Buyer's
Market

Difference Since December 2021

At the same time last year, Queen Creek was a Seller's Market.

Key Takeaway

Queen Creek is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Queen Creek, AZ cost?

Median Sold Price

$668,021

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$93,451(+16.3%)

Key Takeaway

Homes in Queen Creek have sold for 16.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 -$248.7K
N/A
2 $450K$550K
+22.2%
3 $474.8K$579K
+21.9%
4 $579.6K$676.3K
+16.7%
5+ $685K$832K
+21.5%

Median Sold Price Compared To Nearby Cities

Queen Creek
+20.6%
San Tan Valley
+17.2%
North Pinal
+16.4%
Queen Creek
+16.3%

How many homes are available in Queen Creek, AZ?

Number of Homes For Sale

Nov 2022Dec 2022%
365364-0.3%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 1513
-13.3%
3 10797
-9.3%
4 159162
+1.9%
5+ 8492
+9.5%

Number of Homes Sold

Nov 2022Dec 2022%
5058+16.0%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Queen Creek, you may be able to get a good deal. 72.4% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
32 Days70 Days+116.3%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Queen Creek has remained consistent over time.

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

About Queen Creek, AZ

Queen Creek, AZ has 364 homes for sale to choose from. The inventory of homes for sale in Queen Creek, AZ between November 2022 and December 2022 decreased by 0.3%. While the average time on the market in December 2022 was 70 days, the median list price was $668,021. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 22.2%, 3 bedrooms properties prices increased by 21.9%, prices of 4 bedrooms properties increased by 16.7%, 5 bedrooms properties prices increased by 21.5%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 13.3%, number of 3 bedrooms homes decreased by 9.3%, 4 bedrooms homes inventory increased by 1.9%, 5 bedrooms homes inventory increased by 9.5%. Queen Creek, AZ housing market in December 2022 saw over 7 listings sold above listed price, more than 9 sold at listed price and over 42 sold below.

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