Is Eloy, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eloy is a neutral's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

Eloy is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Eloy, AZ

How much do homes in Eloy, AZ cost?

Median Sold Price

$329,900

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$51,500(+18.5%)

Key Takeaway

Homes in Eloy have sold for 18.5% more than they did a year ago.

Summary: The median home sold price in Eloy was $329,900 in December 2024, up 18.5% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$70K
N/A
2 $429.5K$400K
-6.9%
3 $250K$260K
+4.0%
4 $260.9K$329K
+26.1%
5+ $290K-
N/A

Summary: Eloy 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 decreased by 6.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Eloy
+18.5%
Arizona City
+3.1%
Casa Grande
0%

Housing Supply in Eloy, AZ

How many homes are available in Eloy, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
134145+8.2%

Summary: The Eloy real estate market had 145 homes for sale in December 2024, a 8.2% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 6977
+11.6%
3 5051
+2.0%
4 1517
+13.3%
5+ 00
0.0%

Summary: The Eloy 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 increased by 11.6%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1022+120.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eloy, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Eloy in December 2024, up by 120.0% month-over-month. Of the 22 sold homes, 59% were sold under asking, 36% were sold at asking, and 5% were sold over asking.

Days on Market for Eloy, AZ

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

Average Sale Time

Dec 2023Dec 2024CHANGE
66 Days71 Days+7.6%

Summary: Homes in Eloy had an average of 71 days on market in Dec 2024, up by 7.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Eloy has remained consistent over time.

Summary: During December 2024, 22 homes were sold in Eloy; 9% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 27% 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 4 Days Ago

Newest Listings in Eloy, AZ

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