Is Sun City, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sun City is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Sun City has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Sun City, AZ

How much do homes in Sun City, AZ cost?

Median Sold Price

$277,200

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,659(+1.7%)

Key Takeaway

Homes in Sun City have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Sun City was $277,200 in October 2024, up 1.7% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $174K$177.4K
+2.0%
2 $268.7K$267.6K
-0.4%
3 $346.3K$349.9K
+1.0%
4 $375K$485.7K
+29.5%
5+ --
N/A

Summary: Sun City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes did not change.

Housing Supply in Sun City, AZ

How many homes are available in Sun City, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
541623+15.2%

Summary: The Sun City real estate market had 623 homes for sale in October 2024, a 15.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 4349
+14.0%
2 378434
+14.8%
3 118138
+16.9%
4 22
0.0%
5+ 00
0.0%

Summary: The Sun City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 16.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
103114+10.7%

Asking Price vs. Sold Price

69 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sun City, you may be able to get a good deal. 60.5% of homes here sold below asking price last month.

Summary: A total of 114 homes were sold or pending in Sun City in October 2024, up by 10.7% month-over-month. Of the 114 sold homes, 61% were sold under asking, 23% were sold at asking, and 17% were sold over asking.

Days on Market for Sun City, AZ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days66 Days+27.6%

Summary: Homes in Sun City had an average of 66 days on market in Oct 2024, up by 27.6% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

50 Homes Were Sold
In 30 - 90 Days

29 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sun City has remained consistent over time.

Summary: During October 2024, 114 homes were sold in Sun City; 31% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 25% 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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