Is Waddell, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waddell is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Waddell has remained a Seller's Market.

Key Takeaway

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

How much do homes in Waddell, AZ cost?

Median Sold Price

$548,800

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$118,800(+27.6%)

Key Takeaway

Homes in Waddell have sold for 27.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $425K-
N/A
2 $635K-
N/A
3 $396.3K$503K
+26.9%
4 $424K$555.5K
+31.0%
5+ $565K$625K
+10.6%

Median Sold Price Compared To Nearby Cities

Waddell
+27.6%
Glendale
+19.7%
Surprise
+18.8%
Buckeye
+17.8%

How many homes are available in Waddell, AZ?

Number of Homes For Sale

Oct 2022Nov 2022%
103110+6.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 3838
0.0%
4 4151
+24.4%
5+ 2320
-13.0%

Number of Homes Sold

Oct 2022Nov 2022%
1623+43.8%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waddell, you may be able to get a good deal. 87% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
45 Days79 Days+74.2%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Waddell has remained consistent over time.

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

About Waddell, AZ

Waddell, AZ has 110 homes for sale to choose from. The inventory of homes for sale in Waddell, AZ between October 2022 and November 2022 increased by 6.8%. In November 2022, listings were on the market for 79 days. During the same period, the median list price in this real estate market was $548,800. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 26.9%, prices of 4 bedrooms properties increased by 31%, prices of 5 bedrooms properties increased by 10.6%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes increased by 24.4%, the quantity of 5 bedrooms homes went down by 13%. In November 2022 more than 0 listings in Waddell, AZ were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 20 were sold below.

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