Is Goodyear, 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, Goodyear has remained a Seller's Market.
Key Takeaway
Goodyear is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Goodyear, AZ
How much do homes in Goodyear, AZ cost?
Median Sold Price
$482,627
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Goodyear have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Goodyear was $482,627 in May 2024, down 1.4% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $290K | +13.7% |
| 2 Bedrooms | $479K | $480.2K | 0.3% |
| 3 Bedrooms | $457K | $447.4K | -2.1% |
| 4 Bedrooms | $505K | $505K | 0.0% |
| 5+ Bedrooms | $600K | $625K | +4.2% |
Summary: Goodyear housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Avondale | $415K | $423.2K | +2.0% |
| Litchfield Park | $509.2K | $516.6K | +1.4% |
| Glendale | $420.9K | $424.9K | +1.0% |
| Goodyear | $489.6K | $482.6K | -1.4% |
Housing Supply in Goodyear, AZ
How many homes are available in Goodyear, AZ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 758 | 787 | +3.8% |
Summary: The Goodyear real estate market had 787 homes for sale in May 2024, a 3.8% 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 | 144 | 128 | -11.1% |
| 3 Bedrooms | 300 | 317 | +5.7% |
| 4 Bedrooms | 232 | 249 | +7.3% |
| 5+ Bedrooms | 82 | 93 | +13.4% |
Summary: The Goodyear 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 11.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 13.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 162 | 187 | +15.4% |
Asking Price vs. Sold Price
101 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Goodyear, you may be able to get a good deal. 54% of homes here sold below asking price last month.
Summary: A total of 187 homes were sold or pending in Goodyear in May 2024, up by 15.4% month-over-month. Of the 187 sold homes, 54% were sold under asking, 34% were sold at asking, and 12% were sold over asking.
Days on Market for Goodyear, AZ
How long does it take to sell a home in Goodyear, AZ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 74 Days | 59 Days | -20.3% |
Summary: Homes in Goodyear had an average of 59 days on market in May 2024, down by 20.3% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
73 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Goodyear has remained consistent over time.
Summary: During May 2024, 187 homes were sold in Goodyear; 37% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 24% 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.