Is Sun City West, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sun City West has remained a Seller's Market.
Key Takeaway
Sun City West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sun City West, AZ
How much do homes in Sun City West, AZ cost?
Median Sold Price
$374,721
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sun City West have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Sun City West was $374,721 in May 2024, down 1.6% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222K | $218.2K | -1.7% |
| 2 Bedrooms | $370K | $364.8K | -1.4% |
| 3 Bedrooms | $492.5K | $479K | -2.7% |
| 4 Bedrooms | $715K | $769.5K | +7.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Sun City West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Sun City West | $380.8K | $374.7K | -1.6% |
| Corte Bella | $587.5K | $565K | -3.8% |
Housing Supply in Sun City West, AZ
How many homes are available in Sun City West, AZ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 465 | 433 | -6.9% |
Summary: The Sun City West real estate market had 433 homes for sale in May 2024, a 6.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 15 | 0.0% |
| 2 Bedrooms | 340 | 313 | -7.9% |
| 3 Bedrooms | 107 | 102 | -4.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sun City West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 118 | 119 | +0.8% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sun City West, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 119 homes were sold or pending in Sun City West in May 2024, up by 0.8% month-over-month. Of the 119 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% were sold over asking.
Days on Market for Sun City West, AZ
How long does it take to sell a home in Sun City West, AZ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 69 Days | 51 Days | -25.8% |
Summary: Homes in Sun City West had an average of 51 days on market in May 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sun City West has remained consistent over time.
Summary: During May 2024, 119 homes were sold in Sun City West; 39% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.