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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Casa Grande is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Casa Grande was a Seller's Market.

Key Takeaway

Casa Grande is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Casa Grande, AZ

How much do homes in Casa Grande, AZ cost?

Median Sold Price

$334,525

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$474(-0.1%)

Key Takeaway

The sold price of homes in Casa Grande has remained the same since last year.

Summary: The median home sold price in Casa Grande was $334,525 in November 2024, down 0.1% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $111.5K-
N/A
2 $290K$282.5K
-2.6%
3 $316.1K$310K
-1.9%
4 $349.9K$350K
0.0%
5+ $389.2K$399.9K
+2.8%

Summary: Casa Grande housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Cities

Eloy
+14.7%
Casa Grande
-0.1%

Housing Supply in Casa Grande, AZ

How many homes are available in Casa Grande, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
510500-2.0%

Summary: The Casa Grande real estate market had 500 homes for sale in November 2024, a 2.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 7383
+13.7%
3 230211
-8.3%
4 161160
-0.6%
5+ 4645
-2.2%

Summary: The Casa Grande housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 2.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10468-34.6%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Casa Grande, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in Casa Grande in November 2024, down by 34.6% month-over-month. Of the 68 sold homes, 49% were sold under asking, 32% were sold at asking, and 19% were sold over asking.

Days on Market for Casa Grande, AZ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
92 Days97 Days+4.7%

Summary: Homes in Casa Grande had an average of 97 days on market in Nov 2024, up by 4.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 68 homes were sold in Casa Grande; 22% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 37% 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 20 Days Ago

Newest Listings in Casa Grande, AZ

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