Is Casa Grande, 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, Casa Grande has remained a Seller's Market.
Housing Prices in Casa Grande, AZ
How much do homes in Casa Grande, AZ cost?
Median Sold Price
$334,998
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Casa Grande was $334,998 in May 2024, down 4.3% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $153K | +104.0% |
2 Bedrooms | $288.4K | $290K | 0.5% |
3 Bedrooms | $329.9K | $315.4K | -4.4% |
4 Bedrooms | $375K | $349.9K | -6.7% |
5+ Bedrooms | $410K | $393.4K | -4.0% |
Summary: Casa Grande housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 104%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Eloy | $278.4K | $279.5K | 0.4% |
Casa Grande | $349.9K | $334.9K | -4.3% |
Housing Supply in Casa Grande, AZ
How many homes are available in Casa Grande, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
578 | 612 | +5.9% |
Summary: The Casa Grande real estate market had 612 homes for sale in May 2024, a 5.9% 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 | 66 | 65 | -1.5% |
3 Bedrooms | 266 | 290 | +9.0% |
4 Bedrooms | 195 | 206 | +5.6% |
5+ Bedrooms | 51 | 51 | 0.0% |
Summary: The Casa Grande 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 1.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
98 | 108 | +10.2% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
56 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Casa Grande in May 2024, up by 10.2% month-over-month. Of the 108 sold homes, 37% were sold under asking, 52% were sold at asking, and 11% were sold over asking.
Days on Market for Casa Grande, AZ
How long does it take to sell a home in Casa Grande, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
82 Days | 81 Days | -1.0% |
Summary: Homes in Casa Grande had an average of 81 days on market in May 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
55 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During May 2024, 108 homes were sold in Casa Grande; 19% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.