Is Maricopa County, 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, Maricopa County has remained a Seller's Market.
Housing Prices in Maricopa County, AZ
How much do homes in Maricopa County, AZ cost?
Median Sold Price
$473,779
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Maricopa County was $473,779 in April 2024, up 1.7% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $239.2K | +1.8% |
2 Bedrooms | $355.4K | $359.9K | +1.3% |
3 Bedrooms | $449.9K | $450.1K | 0.0% |
4 Bedrooms | $560K | $569.4K | +1.7% |
5+ Bedrooms | $760K | $777K | +2.2% |
Summary: Maricopa County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 1.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Counties
Yavapai County | $535.2K | $585.9K | +9.5% |
Gila County | $409.4K | $446.9K | +9.1% |
Maricopa County | $465.8K | $473.7K | +1.7% |
Pinal County | $379.9K | $365K | -3.9% |
Housing Supply in Maricopa County, AZ
How many homes are available in Maricopa County, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22,212 | 22,832 | +2.8% |
Summary: The Maricopa County real estate market had 22,832 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 498 | 514 | +3.2% |
2 Bedrooms | 4,851 | 4,868 | 0.4% |
3 Bedrooms | 8,090 | 8,326 | +2.9% |
4 Bedrooms | 6,345 | 6,570 | +3.5% |
5+ Bedrooms | 2,428 | 2,554 | +5.2% |
Summary: The Maricopa County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 5.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5,087 | 5,438 | +6.9% |
Asking Price vs. Sold Price
3,010 Homes Were Sold
Under Asking
1,495 Homes Were Sold
At Asking
933 Homes Were Sold
Over Asking
Summary: A total of 5,438 homes were sold or pending in Maricopa County in April 2024, up by 6.9% month-over-month. Of the 5,438 sold homes, 55% were sold under asking, 27% were sold at asking, and 17% were sold over asking.
Days on Market for Maricopa County, AZ
How long does it take to sell a home in Maricopa County, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 61 Days | -9.5% |
Summary: Homes in Maricopa County had an average of 61 days on market in Apr 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
1,994 Homes Were Sold
Under 30 Days
2,302 Homes Were Sold
In 30 - 90 Days
1,142 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5438 homes were sold in Maricopa County; 37% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.