Is Queen Creek, 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, Queen Creek has remained a Seller's Market.
Key Takeaway
Queen Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Queen Creek, AZ
How much do homes in Queen Creek, AZ cost?
Median Sold Price
$614,447
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Queen Creek have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Queen Creek was $614,447 in May 2024, up 1.7% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312.5K | - | N/A |
| 2 Bedrooms | $420K | $371K | -11.7% |
| 3 Bedrooms | $487.4K | $515.1K | +5.7% |
| 4 Bedrooms | $625K | $632.3K | +1.2% |
| 5+ Bedrooms | $771.7K | $793.1K | +2.8% |
Summary: Queen Creek 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 11.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Gilbert | $556.9K | $574.9K | +3.2% |
| Queen Creek | $607.5K | $619.8K | +2.0% |
| Queen Creek | $604.1K | $614.4K | +1.7% |
| San Tan Valley | $419.3K | $425K | +1.3% |
Housing Supply in Queen Creek, AZ
How many homes are available in Queen Creek, AZ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 805 | 900 | +11.8% |
Summary: The Queen Creek real estate market had 900 homes for sale in May 2024, a 11.8% increase 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 254 | 284 | +11.8% |
| 4 Bedrooms | 390 | 424 | +8.7% |
| 5+ Bedrooms | 158 | 188 | +19.0% |
Summary: The Queen Creek 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 33.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 112 | 174 | +55.4% |
Asking Price vs. Sold Price
89 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Queen Creek, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.
Summary: A total of 174 homes were sold or pending in Queen Creek in May 2024, up by 55.4% month-over-month. Of the 174 sold homes, 51% were sold under asking, 34% were sold at asking, and 14% were sold over asking.
Days on Market for Queen Creek, AZ
How long does it take to sell a home in Queen Creek, AZ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 85 Days | 75 Days | -11.6% |
Summary: Homes in Queen Creek had an average of 75 days on market in May 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
78 Homes Were Sold
In 30 - 90 Days
54 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Queen Creek has remained consistent over time.
Summary: During May 2024, 174 homes were sold in Queen Creek; 24% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 31% 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.
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The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. 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. Listings provided by brokerages other than this broker are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved.