Is Sun City West, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Sun City West has remained a Seller's Market.
Housing Prices in Sun City West, AZ
How much do homes in Sun City West, AZ cost?
Median Sold Price
$371,920
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Sun City West was $371,920 in February 2024, down 5.9% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $207K | -8.0% |
2 Bedrooms | $384.7K | $360K | -6.4% |
3 Bedrooms | $527.5K | $455K | -13.7% |
4 Bedrooms | $675K | $702.5K | +4.1% |
5+ Bedrooms | - | - | N/A |
Summary: Sun City West housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Sun City West | $395.1K | $371.9K | -5.9% |
Corte Bella | $630K | $565K | -10.3% |
Housing Supply in Sun City West, AZ
How many homes are available in Sun City West, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
370 | 437 | +18.1% |
Summary: The Sun City West real estate market had 437 homes for sale in February 2024, a 18.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 16 | +33.3% |
2 Bedrooms | 282 | 329 | +16.7% |
3 Bedrooms | 72 | 85 | +18.1% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sun City West housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
61 | 85 | +39.3% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Sun City West in February 2024, up by 39.3% month-over-month. Of the 85 sold homes, 72% were sold under asking, 20% were sold at asking, and 8% were sold over asking.
Days on Market for Sun City West, AZ
How long does it take to sell a home in Sun City West, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
63 Days | 61 Days | -2.4% |
Summary: Homes in Sun City West had an average of 61 days on market in Feb 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During February 2024, 85 homes were sold in Sun City West; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.