Is Sun City Festival, 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 Festival has remained a Seller's Market.
Housing Prices in Sun City Festival, AZ
How much do homes in Sun City Festival, AZ cost?
Median Sold Price
$449,950
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sun City Festival was $449,950 in April 2024, down 5.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $465K | $445K | -4.3% |
3 Bedrooms | $489K | $495K | +1.2% |
4 Bedrooms | $805K | $662.5K | -17.7% |
5+ Bedrooms | - | - | N/A |
Summary: Sun City Festival housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes did not change.
Housing Supply in Sun City Festival, AZ
How many homes are available in Sun City Festival, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 70 | 0.0% |
Summary: The Sun City Festival real estate market had 70 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 59 | 59 | 0.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sun City Festival housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Sun City Festival in April 2024, up by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Sun City Festival, AZ
How long does it take to sell a home in Sun City Festival, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 98 Days | +22.9% |
Summary: Homes in Sun City Festival had an average of 98 days on market in Apr 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Sun City Festival; 8% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.