Is Laveen, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Laveen has remained a Seller's Market.
Housing Prices in Laveen, AZ
How much do homes in Laveen, AZ cost?
Median Sold Price
$434,986
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Laveen was $434,986 in April 2024, down 1.6% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $339K | $335K | -1.2% |
3 Bedrooms | $408.2K | $405K | -0.8% |
4 Bedrooms | $460K | $456.8K | -0.7% |
5+ Bedrooms | $515K | $506.3K | -1.7% |
Summary: Laveen 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 1.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Neighborhoods
Laveen Crossing | $394.5K | $402.5K | +2.0% |
Laveen | $441.9K | $434.9K | -1.6% |
Rogers Ranch | $429.9K | $405K | -5.8% |
Housing Supply in Laveen, AZ
How many homes are available in Laveen, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
258 | 277 | +7.4% |
Summary: The Laveen real estate market had 277 homes for sale in April 2024, a 7.4% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 103 | 113 | +9.7% |
4 Bedrooms | 111 | 122 | +9.9% |
5+ Bedrooms | 41 | 40 | -2.4% |
Summary: The Laveen 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 decreased by 33.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 2.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 62 | +19.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Laveen in April 2024, up by 19.2% month-over-month. Of the 62 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% were sold over asking.
Days on Market for Laveen, AZ
How long does it take to sell a home in Laveen, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 49 Days | -14.5% |
Summary: Homes in Laveen had an average of 49 days on market in Apr 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 62 homes were sold in Laveen; 48% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.