Is Valencia Heights, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Valencia Heights was a Seller's Market.
Key Takeaway
Valencia Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Valencia Heights, AZ
How much do homes in Valencia Heights, AZ cost?
Median Sold Price
$466,995
$215/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Valencia Heights have sold for 1.2% less than they did a month ago.
Summary: The median home sold price in Valencia Heights was $466,995 in April 2024, down 1.2% from last month, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $489K | $509.9K | +4.3% |
| 4 Bedrooms | $459.9K | $444.9K | -3.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Valencia Heights housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes did not change.
Housing Supply in Valencia Heights, AZ
How many homes are available in Valencia Heights, AZ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 57 | +29.5% |
Summary: The Valencia Heights real estate market had 57 homes for sale in April 2024, a 29.5% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 28 | 36 | +28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Valencia Heights 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 increased by 33.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Valencia Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Valencia Heights in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Valencia Heights, AZ
How long does it take to sell a home in Valencia Heights, AZ?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 117 Days | 139 Days | +18.7% |
Summary: Homes in Valencia Heights had an average of 139 days on market in Apr 2024, up by 18.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Valencia Heights are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in Valencia Heights; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.