Is San Tan Valley, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Tan Valley is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, San Tan Valley was a Seller's Market.

Key Takeaway

San Tan Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in San Tan Valley, AZ cost?

Median Sold Price

$449,974

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$59,974(+15.4%)

Key Takeaway

Homes in San Tan Valley have sold for 15.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $315K-
N/A
2 $455K$530K
+16.5%
3 $364.9K$417.9K
+14.5%
4 $400.5K$461.7K
+15.3%
5+ $454.6K$530K
+16.6%

Median Sold Price Compared To Nearby Cities

Gila River
+21.8%
Queen Creek
+19.9%
San Tan Valley
+15.4%
Queen Creek
+14.8%
North Pinal
+14.3%

How many homes are available in San Tan Valley, AZ?

Number of Homes For Sale

Dec 2022Jan 2023%
601636+5.8%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 5059
+18.0%
3 228226
-0.9%
4 250276
+10.4%
5+ 7375
+2.7%

Number of Homes Sold

Dec 2022Jan 2023%
10871-34.3%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Tan Valley, you may be able to get a good deal. 54.9% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
31 Days67 Days+114.3%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in San Tan Valley has remained consistent over time.

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

About San Tan Valley, AZ

Number of homes for sale in San Tan Valley, AZ real estate market have reached 636. In January 2023 in San Tan Valley, AZ there were 5.8% more homes for sale than in December 2022. In January 2023, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $449,974. Real estate listing prices changed between December 2022 and January 2023: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 16.5% more expensive, 3 bedrooms properties prices increased by 14.5%, prices of 4 bedrooms properties increased by 15.3%, 5 bedrooms properties prices increased by 16.6%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, number of 2 bedrooms homes increased by 18%, 3 bedrooms homes inventory decreased by 0.9%, volume of 4 bedrooms homes went up by 10.4%, number of 5 bedrooms homes increased by 2.7%. In January 2023, from all listings sold in San Tan Valley, AZ there were more than 10 sold above asking price, over 39 sold below and more than 22 were sold right at the asked price.

Related Housing Market Reports