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 May 2023
Since last year, San Tan Valley has remained a Seller's Market.
Key Takeaway
San Tan Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Tan Valley, AZ
How much do homes in San Tan Valley, AZ cost?
Median Sold Price
$425,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in San Tan Valley have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in San Tan Valley was $425,000 in May 2024, up 1.3% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $500K | $518.5K | +3.7% |
| 3 Bedrooms | $389.8K | $389.2K | -0.2% |
| 4 Bedrooms | $435K | $435K | 0.0% |
| 5+ Bedrooms | $500K | $500K | 0.0% |
Summary: San Tan Valley 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 3.7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Queen Creek | $607.5K | $619.8K | +2.0% |
| Queen Creek | $604.1K | $614.4K | +1.7% |
| San Tan Valley | $419.3K | $425K | +1.3% |
| North Pinal | $424.9K | $424.9K | 0% |
Housing Supply in San Tan Valley, AZ
How many homes are available in San Tan Valley, AZ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 763 | 745 | -2.4% |
Summary: The San Tan Valley real estate market had 745 homes for sale in May 2024, a 2.4% 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 | 123 | 109 | -11.4% |
| 3 Bedrooms | 283 | 284 | 0.4% |
| 4 Bedrooms | 274 | 264 | -3.6% |
| 5+ Bedrooms | 83 | 88 | +6.0% |
Summary: The San Tan Valley 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 11.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 174 | 180 | +3.4% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
80 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Tan Valley, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 180 homes were sold or pending in San Tan Valley in May 2024, up by 3.4% month-over-month. Of the 180 sold homes, 39% were sold under asking, 44% were sold at asking, and 16% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 58 Days | -17.3% |
Summary: Homes in San Tan Valley had an average of 58 days on market in May 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
88 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in San Tan Valley has remained consistent over time.
Summary: During May 2024, 180 homes were sold in San Tan Valley; 32% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 19% 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.