Is Queen Creek, 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, Queen Creek has remained a Seller's Market.
Housing Prices in Queen Creek, AZ
How much do homes in Queen Creek, AZ cost?
Median Sold Price
$619,890
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Queen Creek was $619,890 in May 2024, up 2% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.5K | - | N/A |
2 Bedrooms | $498.7K | $499.9K | 0.2% |
3 Bedrooms | $487.7K | $535K | +9.7% |
4 Bedrooms | $629.1K | $639.5K | +1.7% |
5+ Bedrooms | $771.7K | $828.3K | +7.3% |
Summary: Queen Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Queen Creek | $607.5K | $619.8K | +2.0% |
Queen Creek | $604.1K | $614.4K | +1.7% |
San Tan Valley | $419.3K | $425K | +1.3% |
North Pinal | $424.9K | $424.9K | 0% |
Housing Supply in Queen Creek, AZ
How many homes are available in Queen Creek, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
622 | 663 | +6.6% |
Summary: The Queen Creek real estate market had 663 homes for sale in May 2024, a 6.6% 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 | 18 | 16 | -11.1% |
3 Bedrooms | 172 | 180 | +4.7% |
4 Bedrooms | 311 | 318 | +2.3% |
5+ Bedrooms | 121 | 149 | +23.1% |
Summary: The Queen Creek 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 4.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 130 | +22.6% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 130 homes were sold or pending in Queen Creek in May 2024, up by 22.6% month-over-month. Of the 130 sold homes, 54% were sold under asking, 32% were sold at asking, and 15% were sold over asking.
Days on Market for Queen Creek, AZ
How long does it take to sell a home in Queen Creek, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
86 Days | 78 Days | -9.6% |
Summary: Homes in Queen Creek had an average of 78 days on market in May 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
60 Homes Were Sold
In 30 - 90 Days
43 Homes Were Sold
Over 90 Days
Summary: During May 2024, 130 homes were sold in Queen Creek; 21% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.