Is Arizona City, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Arizona City was a Seller's Market.
Housing Prices in Arizona City, AZ
How much do homes in Arizona City, AZ cost?
Median Sold Price
$254,188
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arizona City was $254,188 in April 2024, down 1.8% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | $214.2K | -10.7% |
3 Bedrooms | $264.9K | $256.7K | -3.1% |
4 Bedrooms | $252.2K | $254.4K | +0.9% |
5+ Bedrooms | $346K | $355K | +2.6% |
Summary: Arizona City 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 10.7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
Arizona City | $258.8K | $254.1K | -1.8% |
Eloy | $284.9K | $269.9K | -5.3% |
Housing Supply in Arizona City, AZ
How many homes are available in Arizona City, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
179 | 181 | +1.1% |
Summary: The Arizona City real estate market had 181 homes for sale in April 2024, a 1.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 129 | 132 | +2.3% |
4 Bedrooms | 35 | 33 | -5.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Arizona City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 24 | -36.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Arizona City in April 2024, down by 36.8% month-over-month. Of the 24 sold homes, 29% were sold under asking, 38% were sold at asking, and 33% were sold over asking.
Days on Market for Arizona City, AZ
How long does it take to sell a home in Arizona City, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 60 Days | +27.0% |
Summary: Homes in Arizona City had an average of 60 days on market in Apr 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Arizona City; 46% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.