Is Val Vista Lakes, 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, Val Vista Lakes has remained a Seller's Market.
Housing Prices in Val Vista Lakes, AZ
How much do homes in Val Vista Lakes, AZ cost?
Median Sold Price
$662,000
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Val Vista Lakes was $662,000 in May 2024, up 15.5% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $280K | +1.8% |
2 Bedrooms | $385K | $375K | -2.6% |
3 Bedrooms | $495.5K | $597.5K | +20.6% |
4 Bedrooms | $694.9K | $787.5K | +13.3% |
5+ Bedrooms | $787.5K | $869.5K | +10.4% |
Summary: Val Vista Lakes housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Neighborhoods
Val Vista Lakes | $573K | $662K | +15.5% |
Val Vista Lakes Clubhouse | $375K | $375K | 0.0% |
Housing Supply in Val Vista Lakes, AZ
How many homes are available in Val Vista Lakes, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 34 | -2.9% |
Summary: The Val Vista Lakes real estate market had 34 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Val Vista Lakes 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 16.7%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Val Vista Lakes in May 2024, up by 140.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% were sold over asking.
Days on Market for Val Vista Lakes, AZ
How long does it take to sell a home in Val Vista Lakes, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 32 Days | -4.3% |
Summary: Homes in Val Vista Lakes had an average of 32 days on market in May 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Val Vista Lakes; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.