Is Sunland Springs Village, 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, Sunland Springs Village has remained a Seller's Market.
Housing Prices in Sunland Springs Village, AZ
How much do homes in Sunland Springs Village, AZ cost?
Median Sold Price
$468,750
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sunland Springs Village was $468,750 in April 2024, down 3.2% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $435K | N/A |
2 Bedrooms | $472.5K | $445K | -5.8% |
3 Bedrooms | $500K | $515K | +3.0% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Sunland Springs Village 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 5.8%, 3 bedroom homes increased by 3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Sunland Springs Village, AZ
How many homes are available in Sunland Springs Village, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 51 | -26.1% |
Summary: The Sunland Springs Village real estate market had 51 homes for sale in April 2024, a 26.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 49 | 38 | -22.4% |
3 Bedrooms | 20 | 13 | -35.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sunland Springs Village 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 decreased by 22.4%, 3 bedroom homes decreased by 35%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 20 | -28.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Sunland Springs Village in April 2024, down by 28.6% month-over-month. Of the 20 sold homes, 65% were sold under asking, 35% were sold at asking, and 0% were sold over asking.
Days on Market for Sunland Springs Village, AZ
How long does it take to sell a home in Sunland Springs Village, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
118 Days | 67 Days | -43.4% |
Summary: Homes in Sunland Springs Village had an average of 67 days on market in Apr 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Sunland Springs Village; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.