Is North Pinal, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Pinal is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

North Pinal 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 North Pinal, AZ

How much do homes in North Pinal, AZ cost?

Median Sold Price

$425,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,978(+3.7%)

Key Takeaway

Homes in North Pinal have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in North Pinal was $425,000 in November 2024, up 3.7% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $158.9K$152.4K
-4.1%
2 $415.1K$440K
+6.0%
3 $384.2K$398.6K
+3.7%
4 $432.4K$445.9K
+3.1%
5+ $499.9K$511.6K
+2.4%

Summary: North Pinal housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Cities

Queen Creek
+9.3%
San Tan Valley
+4.8%
North Pinal
+3.7%
Florence
0.0%

Housing Supply in North Pinal, AZ

How many homes are available in North Pinal, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,5361,530-0.4%

Summary: The North Pinal real estate market had 1,530 homes for sale in November 2024, a 0.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 46
+50.0%
2 187197
+5.3%
3 624620
-0.6%
4 571563
-1.4%
5+ 150144
-4.0%

Summary: The North Pinal housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
281236-16.0%

Asking Price vs. Sold Price

110 Homes Were Sold
Under Asking

86 Homes Were Sold
At Asking

40 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Pinal, you may be able to get a good deal. 46.6% of homes here sold below asking price last month.

Summary: A total of 236 homes were sold or pending in North Pinal in November 2024, down by 16.0% month-over-month. Of the 236 sold homes, 47% were sold under asking, 36% were sold at asking, and 17% were sold over asking.

Days on Market for North Pinal, AZ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days71 Days+19.0%

Summary: Homes in North Pinal had an average of 71 days on market in Nov 2024, up by 19% compared to last year.

Breakdown of Home Sale Times

73 Homes Were Sold
Under 30 Days

99 Homes Were Sold
In 30 - 90 Days

64 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Pinal has remained consistent over time.

Summary: During November 2024, 236 homes were sold in North Pinal; 31% of homes were sold within 30 days, 42% 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 20 Days Ago

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