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 seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Queen Creek has remained a Seller's Market.

Key Takeaway

Queen Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Queen Creek, AZ

How much do homes in Queen Creek, AZ cost?

Median Sold Price

$614,447

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,326(+1.7%)

Key Takeaway

Homes in Queen Creek have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Queen Creek was $614,447 in May 2024, up 1.7% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $312.5K-
N/A
2 $420K$371K
-11.7%
3 $487.4K$515.1K
+5.7%
4 $625K$632.3K
+1.2%
5+ $771.7K$793.1K
+2.8%

Summary: Queen Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Cities

Gilbert
+3.2%
Queen Creek
+2.0%
Queen Creek
+1.7%
San Tan Valley
+1.3%

Housing Supply in Queen Creek, AZ

How many homes are available in Queen Creek, AZ?

Number of Homes For Sale

Apr 2024May 2024CHANGE
805900+11.8%

Summary: The Queen Creek real estate market had 900 homes for sale in May 2024, a 11.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 254284
+11.8%
4 390424
+8.7%
5+ 158188
+19.0%

Summary: The Queen Creek housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Apr 2024May 2024CHANGE
112174+55.4%

Asking Price vs. Sold Price

89 Homes Were Sold
Under Asking

60 Homes Were Sold
At Asking

25 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. 51.1% of homes here sold below asking price last month.

Summary: A total of 174 homes were sold or pending in Queen Creek in May 2024, up by 55.4% month-over-month. Of the 174 sold homes, 51% were sold under asking, 34% were sold at asking, and 14% 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

May 2023May 2024CHANGE
85 Days75 Days-11.6%

Summary: Homes in Queen Creek had an average of 75 days on market in May 2024, down by 11.6% compared to last year.

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

78 Homes Were Sold
In 30 - 90 Days

54 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.

Summary: During May 2024, 174 homes were sold in Queen Creek; 24% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 31% 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 16 Days Ago

Newest Listings in Queen Creek, AZ

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