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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waddell is a buyer's market

Buyer's
Market

Difference Since January 2023

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

Key Takeaway

Waddell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Waddell, AZ

How much do homes in Waddell, AZ cost?

Median Sold Price

$469,995

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$76,888(-14.1%)

Key Takeaway

Homes in Waddell have sold for 14.1% less than they did a year ago.

Summary: The median home sold price in Waddell was $469,995 in January 2024, down 14.1% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 -$602K
N/A
3 $503K$457K
-9.1%
4 $547.9K$465.9K
-15.0%
5+ $625K$482.1K
-22.9%

Summary: Waddell housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 22.9%.

Median Sold Price Compared To Nearby Cities

Glendale
-2.6%
Surprise
-6.7%
Buckeye
-8.6%
Waddell
-14.1%

Housing Supply in Waddell, AZ

How many homes are available in Waddell, AZ?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
147158+7.5%

Summary: The Waddell real estate market had 158 homes for sale in January 2024, a 7.5% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 1216
+33.3%
3 5262
+19.2%
4 6063
+5.0%
5+ 2317
-26.1%

Summary: The Waddell housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 26.1%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
3618-50.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was 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. 77.8% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Waddell in January 2024, down by 50.0% month-over-month. Of the 18 sold homes, 78% were sold under asking, 17% were sold at asking, and 6% were sold over asking.

Days on Market for Waddell, AZ

How long does it take to sell a home in Waddell, AZ?

Average Sale Time

Jan 2023Jan 2024CHANGE
86 Days92 Days+7.2%

Summary: Homes in Waddell had an average of 92 days on market in Jan 2024, up by 7.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Waddell are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2024, 18 homes were sold in Waddell; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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 23 Days Ago

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