Is Sunland Springs Village, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunland Springs Village is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Sunland Springs Village has remained a Seller's Market.

Key Takeaway

Sunland Springs Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sunland Springs Village, AZ

How much do homes in Sunland Springs Village, AZ cost?

Median Sold Price

$465,000

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,500(-1.6%)

Key Takeaway

Homes in Sunland Springs Village have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Sunland Springs Village was $465,000 in November 2024, down 1.6% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $435K-
N/A
2 $460K$442.5K
-3.8%
3 $485K$504.9K
+4.1%
4 --
N/A
5+ --
N/A

Summary: Sunland Springs Village housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Sunland Springs Village, AZ

How many homes are available in Sunland Springs Village, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5157+11.8%

Summary: The Sunland Springs Village real estate market had 57 homes for sale in November 2024, a 11.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3639
+8.3%
3 1518
+20.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Sunland Springs Village housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
712+71.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunland Springs Village, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Sunland Springs Village in November 2024, up by 71.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% were sold over asking.

Days on Market for Sunland Springs Village, AZ

How long does it take to sell a home in Sunland Springs Village, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days18 Days-57.5%

Summary: Homes in Sunland Springs Village had an average of 18 days on market in Nov 2024, down by 57.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sunland Springs Village are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in Sunland Springs Village; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Sunland Springs Village, AZ

Nearby Markets to Sunland Springs Village, AZ