Is Sun City West, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sun City West is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Sun City West has remained a Seller's Market.

Key Takeaway

Sun City West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$23,246(-5.9%)

Key Takeaway

Homes in Sun City West have sold for 5.9% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $225K$207K
-8.0%
2 $384.7K$360K
-6.4%
3 $527.5K$455K
-13.7%
4 $675K$702.5K
+4.1%
5+ --
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
-5.9%
Corte Bella
-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 2024Feb 2024CHANGE
370437+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

# BEDSJan 2024Feb 2024CHANGE
1 1216
+33.3%
2 282329
+16.7%
3 7285
+18.1%
4 47
+75.0%
5+ 00
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 2024Feb 2024CHANGE
6185+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sun City West, you may be able to get a good deal. 71.8% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
63 Days61 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sun City West are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 28 Days Ago

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