Is San Tan Valley, 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, San Tan Valley has remained a Seller's Market.
Housing Prices in San Tan Valley, AZ
How much do homes in San Tan Valley, AZ cost?
Median Sold Price
$425,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Tan Valley was $425,000 in May 2024, up 1.3% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $500K | $518.5K | +3.7% |
3 Bedrooms | $389.8K | $389.2K | -0.2% |
4 Bedrooms | $435K | $435K | 0.0% |
5+ Bedrooms | $500K | $500K | 0.0% |
Summary: San Tan Valley 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 increased by 3.7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Queen Creek | $607.5K | $619.8K | +2.0% |
Queen Creek | $604.1K | $614.4K | +1.7% |
San Tan Valley | $419.3K | $425K | +1.3% |
North Pinal | $424.9K | $424.9K | 0% |
Housing Supply in San Tan Valley, AZ
How many homes are available in San Tan Valley, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
763 | 745 | -2.4% |
Summary: The San Tan Valley real estate market had 745 homes for sale in May 2024, a 2.4% decrease 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 | 123 | 109 | -11.4% |
3 Bedrooms | 283 | 284 | 0.4% |
4 Bedrooms | 274 | 264 | -3.6% |
5+ Bedrooms | 83 | 88 | +6.0% |
Summary: The San Tan Valley 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 11.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
174 | 180 | +3.4% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
80 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 180 homes were sold or pending in San Tan Valley in May 2024, up by 3.4% month-over-month. Of the 180 sold homes, 39% were sold under asking, 44% were sold at asking, and 16% were sold over asking.
Days on Market for San Tan Valley, AZ
How long does it take to sell a home in San Tan Valley, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
71 Days | 58 Days | -17.3% |
Summary: Homes in San Tan Valley had an average of 58 days on market in May 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
88 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Summary: During May 2024, 180 homes were sold in San Tan Valley; 32% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.