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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Goodyear is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Goodyear 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 Goodyear, AZ

How much do homes in Goodyear, AZ cost?

Median Sold Price

$481,453

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,496(+0.3%)

Key Takeaway

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

Summary: The median home sold price in Goodyear was $481,453 in October 2024, up 0.3% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $285K-
N/A
2 $465K$485K
+4.3%
3 $447.8K$439.9K
-1.8%
4 $495.2K$500K
+0.9%
5+ $587.4K$665K
+13.2%

Summary: Goodyear housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 13.2%.

Median Sold Price Compared To Nearby Cities

Litchfield Park
+6.6%
Avondale
+2.8%
Glendale
+2.5%
Goodyear
0.3%

Housing Supply in Goodyear, AZ

How many homes are available in Goodyear, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
713774+8.6%

Summary: The Goodyear real estate market had 774 homes for sale in October 2024, a 8.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 104124
+19.2%
3 284283
-0.4%
4 248284
+14.5%
5+ 7782
+6.5%

Summary: The Goodyear housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 19.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 6.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
112128+14.3%

Asking Price vs. Sold Price

72 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Goodyear, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 128 homes were sold or pending in Goodyear in October 2024, up by 14.3% month-over-month. Of the 128 sold homes, 56% were sold under asking, 29% were sold at asking, and 15% were sold over asking.

Days on Market for Goodyear, AZ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
64 Days78 Days+21.7%

Summary: Homes in Goodyear had an average of 78 days on market in Oct 2024, up by 21.7% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

45 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Goodyear are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 128 homes were sold in Goodyear; 32% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 35% 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 Goodyear, AZ

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