Is Sun City, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sun City has remained a Seller's Market.
Housing Prices in Sun City, AZ
How much do homes in Sun City, AZ cost?
Median Sold Price
$275,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sun City was $275,000 in April 2024, down 3.5% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $183K | $175K | -4.4% |
2 Bedrooms | $279.9K | $269.9K | -3.6% |
3 Bedrooms | $350K | $350.6K | 0.2% |
4 Bedrooms | $475K | $418.7K | -11.8% |
5+ Bedrooms | - | - | N/A |
Summary: Sun City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Greenway Palms | $226.5K | $229.9K | +1.5% |
Sun City | $285K | $275K | -3.5% |
Housing Supply in Sun City, AZ
How many homes are available in Sun City, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
617 | 647 | +4.9% |
Summary: The Sun City real estate market had 647 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 53 | 60 | +13.2% |
2 Bedrooms | 425 | 447 | +5.2% |
3 Bedrooms | 135 | 137 | +1.5% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sun City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
149 | 139 | -6.7% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 139 homes were sold or pending in Sun City in April 2024, down by 6.7% month-over-month. Of the 139 sold homes, 55% were sold under asking, 32% were sold at asking, and 13% were sold over asking.
Days on Market for Sun City, AZ
How long does it take to sell a home in Sun City, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 75 Days | +17.7% |
Summary: Homes in Sun City had an average of 75 days on market in Apr 2024, up by 17.7% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
66 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Summary: During April 2024, 139 homes were sold in Sun City; 25% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.