Is Maricopa-Stanfield, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Maricopa-Stanfield has remained a Seller's Market.
Housing Prices in Maricopa-Stanfield, AZ
How much do homes in Maricopa-Stanfield, AZ cost?
Median Sold Price
$359,998
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Maricopa-Stanfield was $359,998 in May 2024, down 4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | - | N/A |
2 Bedrooms | $374K | $346.9K | -7.2% |
3 Bedrooms | $348.5K | $334.9K | -3.9% |
4 Bedrooms | $387.4K | $369.9K | -4.5% |
5+ Bedrooms | $435K | $429.9K | -1.2% |
Summary: Maricopa-Stanfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
Maricopa-Stanfield | $374.8K | $359.9K | -4.0% |
Maricopa | $374.8K | $359.9K | -4.0% |
Casa Grande | $349.9K | $334.9K | -4.3% |
Housing Supply in Maricopa-Stanfield, AZ
How many homes are available in Maricopa-Stanfield, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
753 | 787 | +4.5% |
Summary: The Maricopa-Stanfield real estate market had 787 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 54 | 53 | -1.9% |
3 Bedrooms | 330 | 341 | +3.3% |
4 Bedrooms | 288 | 311 | +8.0% |
5+ Bedrooms | 81 | 82 | +1.2% |
Summary: The Maricopa-Stanfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 1.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
150 | 160 | +6.7% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 160 homes were sold or pending in Maricopa-Stanfield in May 2024, up by 6.7% month-over-month. Of the 160 sold homes, 42% were sold under asking, 28% were sold at asking, and 31% were sold over asking.
Days on Market for Maricopa-Stanfield, AZ
How long does it take to sell a home in Maricopa-Stanfield, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
92 Days | 74 Days | -19.6% |
Summary: Homes in Maricopa-Stanfield had an average of 74 days on market in May 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
83 Homes Were Sold
In 30 - 90 Days
46 Homes Were Sold
Over 90 Days
Summary: During May 2024, 160 homes were sold in Maricopa-Stanfield; 19% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.