Is Valley of the Sun, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Valley of the Sun is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Valley of the Sun was a Seller's Market.

Key Takeaway

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

Housing Prices in Valley of the Sun, CO

How much do homes in Valley of the Sun, CO cost?

Median Sold Price

$818,750

$494/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$128,750(-13.6%)

Key Takeaway

Homes in Valley of the Sun have sold for 13.6% less than they did a month ago.

Summary: The median home sold price in Valley of the Sun was $818,750 in May 2024, down 13.6% from last month, and the median price per square foot was $494.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 -$818.7K
N/A
4 $947.5K-
N/A
5+ --
N/A

Summary: Valley of the Sun housing prices by bedroom type for May 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Valley of the Sun, CO

How many homes are available in Valley of the Sun, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1118+63.6%

Summary: The Valley of the Sun real estate market had 18 homes for sale in May 2024, a 63.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 00
0.0%
3 613
+116.7%
4 22
0.0%
5+ 22
0.0%

Summary: The Valley of the Sun housing inventory by bedroom type for May 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 116.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Valley of the Sun, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Valley of the Sun in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Valley of the Sun, CO

How long does it take to sell a home in Valley of the Sun, CO?

Average Sale Time

Apr 2024May 2024CHANGE
82 Days125 Days+52.1%

Summary: Homes in Valley of the Sun had an average of 125 days on market in May 2024, up by 52.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Valley of the Sun are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Valley of the Sun; 50% of homes were sold within 30 days, 0% 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 3 Days Ago

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