Is Villages at Queen Creek, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Villages at Queen Creek is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Villages at Queen Creek was a Seller's Market.

Key Takeaway

Villages at Queen Creek 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 Villages at Queen Creek, AZ

How much do homes in Villages at Queen Creek, AZ cost?

Median Sold Price

$492,500

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,505(+9.4%)

Key Takeaway

Homes in Villages at Queen Creek have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Villages at Queen Creek was $492,500 in October 2024, up 9.4% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $400K$447.4K
+11.9%
4 $469.9K$510K
+8.5%
5+ $542.5K$547.5K
+0.9%

Summary: Villages at Queen Creek housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 0.9%.

Housing Supply in Villages at Queen Creek, AZ

How many homes are available in Villages at Queen Creek, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2830+7.1%

Summary: The Villages at Queen Creek real estate market had 30 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1212
0.0%
4 1517
+13.3%
5+ 11
0.0%

Summary: The Villages at Queen Creek 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Villages at Queen Creek, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Villages at Queen Creek in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Villages at Queen Creek, AZ

How long does it take to sell a home in Villages at Queen Creek, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days57 Days+63.0%

Summary: Homes in Villages at Queen Creek had an average of 57 days on market in Oct 2024, up by 63% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Villages at Queen Creek has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Villages at Queen Creek; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

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