Is Pinal County, 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, Pinal County has remained a Seller's Market.
Housing Prices in Pinal County, AZ
How much do homes in Pinal County, AZ cost?
Median Sold Price
$365,040
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pinal County was $365,040 in May 2024, down 2.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138.5K | $145K | +4.7% |
2 Bedrooms | $375K | $375.2K | 0.1% |
3 Bedrooms | $349.9K | $339.9K | -2.9% |
4 Bedrooms | $389.9K | $379.6K | -2.6% |
5+ Bedrooms | $445K | $434.9K | -2.3% |
Summary: Pinal County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Counties
Gila County | $409.2K | $445K | +8.7% |
Maricopa County | $460.3K | $474.9K | +3.2% |
Pinal County | $373.5K | $365K | -2.3% |
Housing Supply in Pinal County, AZ
How many homes are available in Pinal County, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3,371 | 3,514 | +4.2% |
Summary: The Pinal County real estate market had 3,514 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 9 | -30.8% |
2 Bedrooms | 520 | 524 | +0.8% |
3 Bedrooms | 1,517 | 1,622 | +6.9% |
4 Bedrooms | 1,040 | 1,069 | +2.8% |
5+ Bedrooms | 281 | 290 | +3.2% |
Summary: The Pinal County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
655 | 718 | +9.6% |
Asking Price vs. Sold Price
305 Homes Were Sold
Under Asking
274 Homes Were Sold
At Asking
139 Homes Were Sold
Over Asking
Summary: A total of 718 homes were sold or pending in Pinal County in May 2024, up by 9.6% month-over-month. Of the 718 sold homes, 42% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for Pinal County, AZ
How long does it take to sell a home in Pinal County, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
78 Days | 72 Days | -7.2% |
Summary: Homes in Pinal County had an average of 72 days on market in May 2024, down by 7.2% compared to last year.
Breakdown of Home Sale Times
188 Homes Were Sold
Under 30 Days
343 Homes Were Sold
In 30 - 90 Days
187 Homes Were Sold
Over 90 Days
Summary: During May 2024, 718 homes were sold in Pinal County; 26% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.