Is Arroyo Grande, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arroyo Grande is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Arroyo Grande was a Buyer's Market.

Key Takeaway

Arroyo Grande is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Arroyo Grande, AZ

How much do homes in Arroyo Grande, AZ cost?

Median Sold Price

$304,740

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$52,260(-14.6%)

Key Takeaway

Homes in Arroyo Grande have sold for 14.6% less than they did a year ago.

Summary: The median home sold price in Arroyo Grande was $304,740 in December 2024, down 14.6% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $339.8K$290.4K
-14.5%
4 $368.3K$389.9K
+5.9%
5+ $358K$400.9K
+12.0%

Summary: Arroyo Grande housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 12%.

Housing Supply in Arroyo Grande, AZ

How many homes are available in Arroyo Grande, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2317-26.1%

Summary: The Arroyo Grande real estate market had 17 homes for sale in December 2024, a 26.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 125
-58.3%
4 1011
+10.0%
5+ 11
0.0%

Summary: The Arroyo Grande housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 58.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arroyo Grande, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Arroyo Grande in December 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Arroyo Grande, AZ

How long does it take to sell a home in Arroyo Grande, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
141 Days101 Days-28.4%

Summary: Homes in Arroyo Grande had an average of 101 days on market in Dec 2024, down by 28.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Arroyo Grande has remained consistent over time.

Summary: During December 2024, 3 homes were sold in Arroyo Grande; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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