Is Pinal County, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pinal County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Pinal County has remained a Seller's Market.

Key Takeaway

Pinal County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pinal County, AZ

How much do homes in Pinal County, AZ cost?

Median Sold Price

$365,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$14,966(-3.9%)

Key Takeaway

Homes in Pinal County have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in Pinal County was $365,000 in April 2024, down 3.9% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $145K$145K
0.0%
2 $380K$377.5K
-0.7%
3 $355.1K$340K
-4.3%
4 $397.2K$378.1K
-4.8%
5+ $449.9K$434.5K
-3.4%

Summary: Pinal County 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 0.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 3.4%.

Median Sold Price Compared To Nearby Counties

Gila County
+9.1%
Maricopa County
+1.7%
Pinal County
-3.9%

Housing Supply in Pinal County, AZ

How many homes are available in Pinal County, AZ?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3,3793,367-0.4%

Summary: The Pinal County real estate market had 3,367 homes for sale in April 2024, a 0.4% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1513
-13.3%
2 546534
-2.2%
3 1,4961,476
-1.3%
4 1,0361,070
+3.3%
5+ 286274
-4.2%

Summary: The Pinal County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 4.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
718658-8.4%

Asking Price vs. Sold Price

309 Homes Were Sold
Under Asking

220 Homes Were Sold
At Asking

129 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pinal County, you may be able to get a good deal. 47% of homes here sold below asking price last month.

Summary: A total of 658 homes were sold or pending in Pinal County in April 2024, down by 8.4% month-over-month. Of the 658 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.

Days on Market for Pinal County, AZ

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

Average Sale Time

Apr 2023Apr 2024CHANGE
86 Days64 Days-24.8%

Summary: Homes in Pinal County had an average of 64 days on market in Apr 2024, down by 24.8% compared to last year.

Breakdown of Home Sale Times

219 Homes Were Sold
Under 30 Days

290 Homes Were Sold
In 30 - 90 Days

149 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pinal County has remained consistent over time.

Summary: During April 2024, 658 homes were sold in Pinal County; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 23% 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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