Is Leisure World, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leisure World is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Leisure World has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Leisure World, AZ

How much do homes in Leisure World, AZ cost?

Median Sold Price

$375,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,612(+7.3%)

Key Takeaway

Homes in Leisure World have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Leisure World was $375,000 in October 2024, up 7.3% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $255K$245K
-3.9%
2 $320K$331K
+3.4%
3 $387K$406K
+4.9%
4 $555K$579K
+4.3%
5+ --
N/A

Summary: Leisure World housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Golden Hills
+10.1%
Leisure World
+7.3%
Superstition Springs
+5.2%

Housing Supply in Leisure World, AZ

How many homes are available in Leisure World, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3746+24.3%

Summary: The Leisure World real estate market had 46 homes for sale in October 2024, a 24.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2124
+14.3%
3 1521
+40.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Leisure World housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leisure World, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Leisure World in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Leisure World, AZ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days81 Days+3.4%

Summary: Homes in Leisure World had an average of 81 days on market in Oct 2024, up by 3.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Leisure World has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Leisure World; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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 16 Days Ago

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