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May 2024 Queen Creek Housing Market Report

Updated: May 30


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Source for monthly Queen Creek Housing Market Report by Realtors serving Queen Creek, AZ. Information is power. Facts not fiction from the Arizona Regional Multiple Listing Service (ARMLS).


  Text 602-300-0374





 AT A GLANCE

(Swipe left)

Strong Buyer's Market

Buyer's Market

Balanced

Seller's Market

Strong Seller's Market

On a price per-square foot average (see table below):

  • At $260 per square foot, prices are up +$0 from last month, up +$20 from last April, and down -$10 from their peak of $270 in May '22

  • Last month, sellers received an average of -$6,711 less than their asking prices

  • May 2024 began 412 listings, which is 159% of the 3 year average of 259  (from 2021-2023) 

  • April had 125 sales, or 87% of the 3 year average of 144 (from 2021-2023)

  • Queen Creek is currently turning over housing inventory once every 3.3 months

  • Bank-owned properties and short sales make up only 0.0% of all Queen Creek sales

    

  

Queen Creek Housing Market Report Updated for May 2024


To reduce data errors results are based on:

  1. Queen Creek SOLD single family residences, patio homes, and townhomes (ask us about condos)

  2. List/sales price under $1,000,000

  3. Size over 1,000 sq ft.

  4. Calendar month



Queen Creek sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).

 

 

  Table Explanation

(Swipe left for full data)

 

Month

Total Active

Total Sold

% Sold

MO. INV.

Sq ft

Price

DOM

$$ sq ft

+/- List Price

May-24

412

 

 

 

 

 

 

 

 

Apr-24

415

125

30.1%

3.3

2,561

$664,992

88

$260

-$6,711

Mar-24

364

115

31.6%

3.2

2,428

$632,350

82

$260

-$10,345

Feb-24

343

124

36.2%

2.8

2,330

$607,462

92

$261

-$6,601

Jan-24

363

81

22.3%

4.5

2,400

$624,259

80

$260

-$7,246

 

 

 

 

 

 

 

 

 

 

Dec-23

382

92

24.1%

4.2

2,424

$609,274

72

$251

-$8,950

Nov-23

375

86

22.9%

4.4

2,410

$636,214

65

$264

-$6,749

Oct-23

349

94

26.9%

3.7

2,514

$639,133

68

$254

-$6,692

Sep-23

329

121

36.8%

2.7

2,501

$625,810

79

$250

-$10,602

Aug-23

316

123

38.9%

2.6

2,500

$610,273

77

$244

-$8,442

Jul-23

323

114

35.3%

2.8

2,502

$605,570

79

$242

-$8,410

Jun-23

301

166

55.1%

1.8

2,553

$610,689

81

$239

-$6,000

May-23

337

177

52.5%

1.9

2,521

$607,281

85

$241

-$8,129

Apr-23

372

155

41.7%

2.4

2,456

$588,551

96

$240

 

Mar-23

427

169

39.6%

2.5

2,422

$579,729

87

$239

 

Feb-23

435

117

26.9%

3.7

2,351

$567,210

96

$241

 

Jan-23

454

87

19.2%

5.2

2,402

$574,271

94

$239

 

 

 

 

 

 

 

 

 

 

 

Dec-22

508

87

17.1%

5.8

2,551

$587,327

72

$230

 

Nov-22

512

94

18.4%

5.4

2,392

$601,562

71

$251

 

Oct-22

538

114

21.2%

4.7

2,388

$599,748

52

$251

 

Sep-22

511

110

21.5%

4.6

2,405

$605,561

49

$252

 

Aug-22

488

120

24.6%

4.1

2,534

$635,424

45

$251

 

Jul-22

358

120

33.5%

3.0

2,472

$656,352

31

$266

 

Jun-22

260

166

63.8%

1.6

2,444

$655,626

32

$268

 

May-22

145

162

111.7%

0.9

2,340

$631,612

25

$270

 

Apr-22

84

153

182.1%

0.5

2,292

$610,540

25

$266

 

Mar-22

65

203

312.3%

0.3

2,314

$597,944

28

$258

 

Feb-22

81

139

171.6%

0.6

2,355

$591,418

34

$251

 

Jan-22

120

129

107.5%

0.9

2,300

$560,642

31

$244

 

 

 

 

 

 

 

 

 

 

 

Dec-21

142

213

150.0%

0.7

2,454

$589,033

33

$240

 

Nov-21

141

192

136.2%

0.7

2,296

$544,880

31

$237

 

Oct-21

152

179

117.8%

0.8

2,509

$589,890

32

$235

 

Sep-21

144

205

142.4%

0.7

2,336

$544,853

22

$233

 

Aug-21

171

176

102.9%

1.0

2,272

$531,584

26

$234

 

Jul-21

107

179

167.3%

0.6

2,383

$536,667

20

$225

 

Jun-21

87

203

233.3%

0.4

2,419

$528,988

21

$219

 

May-21

68

157

230.9%

0.4

2,531

$544,026

22

$215

 

Apr-21

58

183

315.5%

0.3

2,337

$491,402

31

$210

 

Mar-21

57

169

296.5%

0.3

2,412

$478,849

28

$199

 

Feb-21

70

122

174.3%

0.6

2,498

$464,004

34

$186

 

Jan-21

65

121

186.2%

0.5

2,560

$476,080

40

$186

 


 

 

Table Explanation for Queen Creek Housing Market Report


NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.

  1. Total Active – # of homes for sale at the beginning of the current month

  2. Total Sold – # of homes sold in the current month

  3. % Sold – a ratio of total sold to total active

  4. MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory

  5. Sq ft – average square footage of sold homes

  6. Price – average sales price of sold homes

  7. DOM – Days On Market, or average days to sale

  8. $ sq ft – average price per square foot

  9. +/- List Price – the average dollars received by sellers above or below their average list prices

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