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 December 2020

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.

How much do homes in Queen Creek, AZ cost?

Median Sold Price

$502,921

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$109,254(+27.8%)

Key Takeaway

Homes in Queen Creek have sold for 27.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 --
N/A
2 $359.9K$337K
-6.4%
3 $323K$435.9K
+34.9%
4 $407.5K$519K
+27.4%
5+ $515K$675K
+31.1%

Median Sold Price Compared To Nearby Cities

San Tan Valley
+34.1%
Queen Creek
+31.2%
Queen Creek
+27.8%
Gilbert
+27.0%

How many homes are available in Queen Creek, AZ?

Number of Homes For Sale

Nov 2021Dec 2021%
601529-12.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 00
0.0%
2 54
-20.0%
3 195166
-14.9%
4 272241
-11.4%
5+ 129118
-8.5%

Number of Homes Sold

Nov 2021Dec 2021%
169191+13.0%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

55 Homes Were Sold
At Asking

79 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Queen Creek, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
30 Days32 Days+7.0%

Breakdown of Home Sale Times

104 Homes Were Sold
Under 30 Days

78 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Queen Creek are selling fast, if you're buying plan to act quickly.

About Queen Creek, AZ

Queen Creek, AZ has 529 homes for sale to choose from. Between November 2021 and December 2021, Queen Creek, AZ real estate market has seen decrease in the number of listings by 12%. While the average time on the market in December 2021 was 32 days, the median list price was $502,921. This housing market listing prices have changed between November 2021 and December 2021: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties decreased by 6.4%, prices of 3 bedrooms properties went up by 34.9%, 4 bedrooms properties prices increased by 27.4%, prices of 5 bedrooms properties increased by 31.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 20%, the quantity of 3 bedrooms homes went down by 14.9%, 4 bedrooms homes inventory decreased by 11.4%, volume of 5 bedrooms homes went down by 8.5%. In December 2021, from all listings sold in Queen Creek, AZ there were more than 79 sold above asking price, over 57 sold below and more than 55 were sold right at the asked price.

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