Is San Tan Valley, 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, San Tan Valley has remained a Seller's Market.
Housing Prices in San Tan Valley, AZ
How much do homes in San Tan Valley, AZ cost?
Median Sold Price
$420,399
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in San Tan Valley was $420,399 in April 2024, down 2.3% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $510K | $517.1K | +1.4% |
3 Bedrooms | $400K | $383.1K | -4.2% |
4 Bedrooms | $446.2K | $433.4K | -2.9% |
5+ Bedrooms | $510K | $499.9K | -2.0% |
Summary: San Tan Valley 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 increased by 1.4%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
Queen Creek | $612.7K | $616K | 0.5% |
Queen Creek | $612.6K | $612.7K | 0.0% |
San Tan Valley | $430.2K | $420.3K | -2.3% |
North Pinal | $433.5K | $419.9K | -3.1% |
Housing Supply in San Tan Valley, AZ
How many homes are available in San Tan Valley, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
781 | 790 | +1.2% |
Summary: The San Tan Valley real estate market had 790 homes for sale in April 2024, a 1.2% 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 | 131 | 123 | -6.1% |
3 Bedrooms | 291 | 289 | -0.7% |
4 Bedrooms | 266 | 296 | +11.3% |
5+ Bedrooms | 93 | 82 | -11.8% |
Summary: The San Tan Valley 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 6.1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
185 | 179 | -3.2% |
Asking Price vs. Sold Price
96 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 179 homes were sold or pending in San Tan Valley in April 2024, down by 3.2% month-over-month. Of the 179 sold homes, 54% were sold under asking, 28% were sold at asking, and 18% were sold over asking.
Days on Market for San Tan Valley, AZ
How long does it take to sell a home in San Tan Valley, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 55 Days | -31.6% |
Summary: Homes in San Tan Valley had an average of 55 days on market in Apr 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
83 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During April 2024, 179 homes were sold in San Tan Valley; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.