September 2024 Queen Creek Housing Market Report

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).

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LISTINGS TO BEGIN SEPTEMBER and AUGUST RESULTS

(Table may require a swipe left on mobile devices)

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 $253 per-square foot in August, prices are down -$3 from June, up +$9 from last August, and down -$17 from their peak of $270 in May '22
  

• Last month, sellers received an average of -$9,649 less than their asking prices
  

• Septembe7 2024 began 417 listings, which is 171% of the 3 year average of 259  (from 2021-2023) 
  

• August had 124 sales, or 86% of the 3 year average of 144 (from 2021-2023)
  

• Queen Creek is currently turning over housing inventory once every 3.4 months
  

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

Queen Creek Housing Market Report Updated in September 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).

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  Table Explanation

(Table may require a swipe left on mobile devices)

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Month	Total Active	Total Sold	% Sold	MO. INV.	Sq ft	Price	DOM	$$ sq ft
Sep-24	444
Aug-24	417	124	29.7%	3.4	2,592	$656,179	94	$253
Jul-24	424	128	30.2%	3.3	2,444	$624,633	79	$256
Jun-24	415	136	32.8%	3.1	2,557	$659,644	88	$258
May-24	412	146	35.4%	2.8	2,447	$639,725	72	$261
Apr-24	415	125	30.1%	3.3	2,561	$664,992	88	$260
Mar-24	364	115	31.6%	3.2	2,428	$632,350	82	$260
Feb-24	343	124	36.2%	2.8	2,330	$607,462	92	$261
Jan-24	363	81	22.3%	4.5	2,400	$624,259	80	$260
Dec-23	382	92	24.1%	4.2	2,424	$609,274	72	$251
Nov-23	375	86	22.9%	4.4	2,410	$636,214	65	$264
Oct-23	349	94	26.9%	3.7	2,514	$639,133	68	$254
Sep-23	329	121	36.8%	2.7	2,501	$625,810	79	$250
Aug-23	316	123	38.9%	2.6	2,500	$610,273	77	$244
Jul-23	323	114	35.3%	2.8	2,502	$605,570	79	$242
Jun-23	301	166	55.1%	1.8	2,553	$610,689	81	$239
May-23	337	177	52.5%	1.9	2,521	$607,281	85	$241
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

Monthly Queen Creek Housing Market Report by Realtors serving Queen Creek