Is Arizona City, 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, Arizona City has remained a Seller's Market.
Housing Prices in Arizona City, AZ
How much do homes in Arizona City, AZ cost?
Median Sold Price
$254,995
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Arizona City was $254,995 in May 2024, up 0.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $229.9K | $220K | -4.3% |
3 Bedrooms | $257K | $256.9K | 0% |
4 Bedrooms | $249.9K | $257.9K | +3.2% |
5+ Bedrooms | $355K | - | N/A |
Summary: Arizona City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Arizona City | $253.2K | $254.9K | +0.7% |
Eloy | $278.4K | $279.5K | 0.4% |
Housing Supply in Arizona City, AZ
How many homes are available in Arizona City, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
181 | 206 | +13.8% |
Summary: The Arizona City real estate market had 206 homes for sale in May 2024, a 13.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 129 | 148 | +14.7% |
4 Bedrooms | 35 | 40 | +14.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Arizona City 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 increased by 7.1%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 42 | +68.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Arizona City in May 2024, up by 68.0% month-over-month. Of the 42 sold homes, 29% were sold under asking, 45% were sold at asking, and 26% were sold over asking.
Days on Market for Arizona City, AZ
How long does it take to sell a home in Arizona City, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 60 Days | +9.6% |
Summary: Homes in Arizona City had an average of 60 days on market in May 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in Arizona City; 40% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.