$140,000
3.25 Acres
Land
Craig Leisge, Listing Office: Your Castle Real Estate Inc
Is Valley of the Sun, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Valley of the Sun was a Buyer's Market.
Key Takeaway
Valley of the Sun is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valley of the Sun, CO
How much do homes in Valley of the Sun, CO cost?
Median Sold Price
$715,000
$396/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$187,000(-20.7%)
Key Takeaway
Homes in Valley of the Sun have sold for 20.7% less than they did a month ago.
Summary: The median home sold price in Valley of the Sun was $715,000 in October 2024, down 20.7% from last month, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $465K | N/A |
| 2 Bedrooms | - | $715K | N/A |
| 3 Bedrooms | $902K | $772.5K | -14.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $680K | N/A |
Summary: Valley of the Sun housing prices by bedroom type for October 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 14.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Valley of the Sun, CO
How many homes are available in Valley of the Sun, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 38 | -2.6% |
Summary: The Valley of the Sun real estate market had 38 homes for sale in October 2024, a 2.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Valley of the Sun 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 decreased by 8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valley of the Sun, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Valley of the Sun in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Valley of the Sun, CO
How long does it take to sell a home in Valley of the Sun, CO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 163 Days | +158.5% |
Summary: Homes in Valley of the Sun had an average of 163 days on market in Oct 2024, up by 158.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Valley of the Sun has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Valley of the Sun; 0% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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