Is Desert Creek, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Desert Creek is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Desert Creek was a Neutral Market.

Key Takeaway

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

Housing Prices in Desert Creek, AZ

How much do homes in Desert Creek, AZ cost?

Median Sold Price

$400,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+5.3%)

Key Takeaway

Homes in Desert Creek have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Desert Creek was $400,000 in November 2024, up 5.3% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $205K$262.5K
+28.0%
3 $362.4K$383.4K
+5.8%
4 $460K$440K
-4.3%
5+ --
N/A

Summary: Desert Creek 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 increased by 28%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes did not change.

Housing Supply in Desert Creek, AZ

How many homes are available in Desert Creek, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
87-12.5%

Summary: The Desert Creek real estate market had 7 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The Desert Creek housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Desert Creek, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Desert Creek in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Desert Creek, AZ

How long does it take to sell a home in Desert Creek, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
107 Days36 Days-66.4%

Summary: Homes in Desert Creek had an average of 36 days on market in Nov 2024, down by 66.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Desert Creek has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Desert Creek; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Desert Creek, AZ

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