Is North Pinal, 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, North Pinal has remained a Seller's Market.
Housing Prices in North Pinal, AZ
How much do homes in North Pinal, AZ cost?
Median Sold Price
$424,998
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163.2K | $160K | -2.0% |
2 Bedrooms | $412.9K | $432.9K | +4.8% |
3 Bedrooms | $399.9K | $398.2K | -0.4% |
4 Bedrooms | $450.5K | $445.6K | -1.1% |
5+ Bedrooms | $514K | $506.5K | -1.5% |
Summary: North Pinal housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Superior | $213.5K | $221.4K | +3.7% |
Queen Creek | $607.5K | $619.8K | +2.0% |
San Tan Valley | $419.3K | $425K | +1.3% |
North Pinal | $424.9K | $424.9K | 0% |
Florence | $354.8K | $339.8K | -4.2% |
Housing Supply in North Pinal, AZ
How many homes are available in North Pinal, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,487 | 1,514 | +1.8% |
Summary: The North Pinal real estate market had 1,514 homes for sale in May 2024, a 1.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 4 | -42.9% |
2 Bedrooms | 203 | 194 | -4.4% |
3 Bedrooms | 631 | 661 | +4.8% |
4 Bedrooms | 487 | 490 | +0.6% |
5+ Bedrooms | 159 | 165 | +3.8% |
Summary: The North Pinal housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
304 | 341 | +12.2% |
Asking Price vs. Sold Price
156 Homes Were Sold
Under Asking
132 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Summary: A total of 341 homes were sold or pending in North Pinal in May 2024, up by 12.2% month-over-month. Of the 341 sold homes, 46% were sold under asking, 39% were sold at asking, and 16% were sold over asking.
Days on Market for North Pinal, AZ
How long does it take to sell a home in North Pinal, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 67 Days | -9.7% |
Summary: Homes in North Pinal had an average of 67 days on market in May 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
104 Homes Were Sold
Under 30 Days
162 Homes Were Sold
In 30 - 90 Days
75 Homes Were Sold
Over 90 Days
Summary: During May 2024, 341 homes were sold in North Pinal; 30% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.