Is Eloy, 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, Eloy has remained a Seller's Market.
Housing Prices in Eloy, AZ
How much do homes in Eloy, AZ cost?
Median Sold Price
$279,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Eloy was $279,500 in May 2024, up 0.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | $413.7K | $415K | 0.3% |
3 Bedrooms | $250K | $250K | 0.0% |
4 Bedrooms | $250K | $267.9K | +7.2% |
5+ Bedrooms | $275K | $290K | +5.5% |
Summary: Eloy 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 increased by 0.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Arizona City | $253.2K | $254.9K | +0.7% |
Eloy | $278.4K | $279.5K | 0.4% |
Casa Grande | $349.9K | $334.9K | -4.3% |
Housing Supply in Eloy, AZ
How many homes are available in Eloy, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 119 | -4.0% |
Summary: The Eloy real estate market had 119 homes for sale in May 2024, a 4.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 69 | 64 | -7.2% |
3 Bedrooms | 44 | 42 | -4.5% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Eloy 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 7.2%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 25 | +8.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Eloy in May 2024, up by 8.7% month-over-month. Of the 25 sold homes, 52% were sold under asking, 36% were sold at asking, and 12% were sold over asking.
Days on Market for Eloy, AZ
How long does it take to sell a home in Eloy, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
76 Days | 103 Days | +35.3% |
Summary: Homes in Eloy had an average of 103 days on market in May 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Eloy; 16% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.