Is Deer 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, Deer Valley has remained a Seller's Market.
Housing Prices in Deer Valley, AZ
How much do homes in Deer Valley, AZ cost?
Median Sold Price
$619,475
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Deer Valley was $619,475 in May 2024, up 3.4% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $295K | +9.3% |
2 Bedrooms | $419.6K | $415K | -1.1% |
3 Bedrooms | $523.5K | $550K | +5.1% |
4 Bedrooms | $659.7K | $685.9K | +4.0% |
5+ Bedrooms | $799.7K | $834.1K | +4.3% |
Summary: Deer Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Cave Creek | $771.6K | $816K | +5.7% |
Deer Valley | $599.3K | $619.4K | +3.4% |
Peoria | $490.1K | $499.9K | +2.0% |
New River | $630K | $625K | -0.8% |
Carefree | $1.2M | $1.0M | -17.2% |
Housing Supply in Deer Valley, AZ
How many homes are available in Deer Valley, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,947 | 1,980 | +1.7% |
Summary: The Deer Valley real estate market had 1,980 homes for sale in May 2024, a 1.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 202 | 196 | -3.0% |
3 Bedrooms | 680 | 662 | -2.6% |
4 Bedrooms | 747 | 786 | +5.2% |
5+ Bedrooms | 313 | 332 | +6.1% |
Summary: The Deer Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
463 | 446 | -3.7% |
Asking Price vs. Sold Price
264 Homes Were Sold
Under Asking
119 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Summary: A total of 446 homes were sold or pending in Deer Valley in May 2024, down by 3.7% month-over-month. Of the 446 sold homes, 59% were sold under asking, 27% were sold at asking, and 14% were sold over asking.
Days on Market for Deer Valley, AZ
How long does it take to sell a home in Deer Valley, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 59 Days | 0.4% |
Summary: Homes in Deer Valley had an average of 59 days on market in May 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
156 Homes Were Sold
Under 30 Days
204 Homes Were Sold
In 30 - 90 Days
86 Homes Were Sold
Over 90 Days
Summary: During May 2024, 446 homes were sold in Deer Valley; 35% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.