Is San Tan Valley, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, San Tan Valley has remained a Seller's Market.
Housing Prices in San Tan Valley, AZ
How much do homes in San Tan Valley, AZ cost?
Median Sold Price
$424,981
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in San Tan Valley was $424,981 in June 2024, up 3.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $492.7K | $520K | +5.5% |
3 Bedrooms | $379.9K | $385.9K | +1.6% |
4 Bedrooms | $425K | $435K | +2.4% |
5+ Bedrooms | $499.9K | $500K | 0.0% |
Summary: San Tan Valley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Gila River | $352.5K | $380K | +7.8% |
Queen Creek | $601K | $629.9K | +4.8% |
San Tan Valley | $411.1K | $424.9K | +3.4% |
Queen Creek | $599.9K | $615.1K | +2.5% |
North Pinal | $417.6K | $424.9K | +1.7% |
Housing Supply in San Tan Valley, AZ
How many homes are available in San Tan Valley, AZ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
761 | 690 | -9.3% |
Summary: The San Tan Valley real estate market had 690 homes for sale in June 2024, a 9.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 107 | 105 | -1.9% |
3 Bedrooms | 293 | 258 | -11.9% |
4 Bedrooms | 272 | 258 | -5.1% |
5+ Bedrooms | 89 | 69 | -22.5% |
Summary: The San Tan Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 22.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
188 | 153 | -18.6% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 153 homes were sold or pending in San Tan Valley in June 2024, down by 18.6% month-over-month. Of the 153 sold homes, 39% were sold under asking, 37% were sold at asking, and 24% were sold over asking.
Days on Market for San Tan Valley, AZ
How long does it take to sell a home in San Tan Valley, AZ?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
61 Days | 58 Days | -4.7% |
Summary: Homes in San Tan Valley had an average of 58 days on market in Jun 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
84 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During June 2024, 153 homes were sold in San Tan Valley; 29% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.