Is Valencia Heights, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Valencia Heights is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Valencia Heights has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Valencia Heights, AZ

How much do homes in Valencia Heights, AZ cost?

Median Sold Price

$449,995

$225/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$11,000(-2.4%)

Key Takeaway

Homes in Valencia Heights have sold for 2.4% less than they did a month ago.

Summary: The median home sold price in Valencia Heights was $449,995 in November 2024, down 2.4% from last month, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $449.9K$437.4K
-2.8%
4 $460.9K$465.9K
+1.1%
5+ --
N/A

Summary: Valencia Heights housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes did not change.

Housing Supply in Valencia Heights, AZ

How many homes are available in Valencia Heights, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3122-29.0%

Summary: The Valencia Heights real estate market had 22 homes for sale in November 2024, a 29.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 108
-20.0%
4 2114
-33.3%
5+ 00
0.0%

Summary: The Valencia Heights 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Valencia Heights, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Valencia Heights in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 0% were sold under asking, 80% were sold at asking, and 20% were sold over asking.

Days on Market for Valencia Heights, AZ

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

Average Sale Time

Oct 2024Nov 2024CHANGE
120 Days176 Days+46.7%

Summary: Homes in Valencia Heights had an average of 176 days on market in Nov 2024, up by 46.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Valencia Heights; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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

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