Maricopa County Residential Market Trends

MARICOPA COUNTY

SCOTTSDALE REALTORS

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APRIL

Maricopa County, Arizona

Market Trends

Realtors Property Resource

, LLC Source: Listings

Median Estimated Property Value

Realtors Property Resource

, LLC Source: Public Records and Listings

Property Type: SF + Condo/TH/Apt

April 2024

Market Type

Seller's

Market

Balanced

Market

Buyer's

Market

Key Details

Months of Inventory

3.99

3.1% MoM

List to Sold Price %

98.5%

0.04% MoM

Median Days in RPR

4.55% MoM

Median Sold Price

$489,000

1.32% MoM

􏂪 􏂪 􏂪 􏂪



April 2024 Property Type: SF + Condo/TH/Apt

$479,350

Last Month Change

+0.3%

12 Month Change

+4.3%

Median Estimated Value

$100K

$200K

$300K

$400K

$500K

$600K

Jul '08

Jan '09

Jun '09

Nov '09

Apr '10

Sep '10

Feb '11

Jul '11

Dec '11

May '12

Oct '12

Mar '13

Aug '13

Jan '14

Jun '14

Nov '14

Apr '15

Sep '15

Feb '16

Jul '16

Dec '16

May '17

Oct '17

Mar '18

Aug '18

Jan '19

Jun '19

Nov '19

Apr '20

Sep '20

Feb '21

Jul '21

Dec '21

May '22

Oct '22

Mar '23

Aug '23

Jan '24

Maricopa County Arizona USA

New Listings

Realtors Property Resource

, LLC Source: Listings

Active Listings

Realtors Property Resource

, LLC Source: Listings

April 2024

Property Type: SF + Condo/TH/Apt

Median List Price

$525,000

1.9% MoM

# of Properties

7,133

6.3% MoM

Median $/Sqft

$285

0.7% MoM

Total $ Volume

$5,311,474,241

7.2% MoM

Median Living Area Sqft

1,902

0.3% MoM

↑ ↓ ↑ ↓ ↑

List Price

$100K

$200K

$300K

$400K

$500K

$600K

Apr '19 Sep '19 Feb '20 Jul '20 Dec '20 May '21 Oct '21 Mar '22 Aug '22 Jan '23 Jun '23 Nov '23 Apr '24

April 2024

Property Type: SF + Condo/TH/Apt

Median List Price

$564,500

2.6%

MoM

# of Properties

15,780

MoM

Median Days in

RPR

4.5%

MoM

Median $/Sqft

$290

0.7%

MoM

Total $ Volume

$14,994,885,299

0.5%

MoM

Median Living

Area Sqft

2,035

0.3%

MoM

↑ ↓ ↑ ↑ ↓ ↑

Median Price

$200K

$300K

$400K

$500K

$600K

Apr '19 Sep '19 Feb '20 Jul '20 Dec '20 May '21 Oct '21 Mar '22 Aug '22 Jan '23 Jun '23 Nov '23 Apr '24

New Pending Listings

Realtors Property Resource

, LLC Source: Listings

Pending Listings

Realtors Property Resource

, LLC Source: Listings

April 2024

Property Type: SF + Condo/TH/Apt

Median List Price

$495,000

# of Properties

4,106

2.3% MoM

Median Days in

RPR

2.9% MoM

Median $/Sqft

$276

0.7% MoM

Total $ Volume

$2,847,674,742

4.6% MoM

Median Living Area

Sqft

1,878

0.4% MoM

↑ ↑ ↓ ↑ ↑

Median Price

$100K

$200K

$300K

$400K

$500K

Apr '19 Sep '19 Feb '20 Jul '20 Dec '20 May '21 Oct '21 Mar '22 Aug '22 Jan '23 Jun '23 Nov '23 Apr '24

April 2024

Property Type: SF + Condo/TH/Apt

Median List Price

$510,000

MoM

# of Properties

4,199

14.9%

MoM

Median Days in

RPR

16.1%

MoM

Median $/Sqft

$276

1.4%

MoM

Total $ Volume

$3,227,049,889

15.2%

MoM

Median Living Area

Sqft

1,958

0.3%

MoM

↓ ↑ ↑ ↓ ↑ ↑

Median Price

$100K

$200K

$300K

$400K

$500K

$600K

Apr '19 Sep '19 Feb '20 Jul '20 Dec '20 May '21 Oct '21 Mar '22 Aug '22 Jan '23 Jun '23 Nov '23 Apr '24

Sold Listings

Realtors Property Resource

, LLC Source: Listings

Months Supply of Inventory

Realtors Property Resource

, LLC Source: Listings

April 2024

Property Type: SF + Condo/TH/Apt

Median Sold Price

$489,000

1.3% MoM

# of Properties

5,491

5.9% MoM

Avg. List to Sale

Price %

98.47%

0% MoM

Median Days in

RPR

4.5% MoM

Median $/Sqft

$278

1.5% MoM

Total $ Volume

$3,690,640,901

11.3% MoM

↑ ↑ ↑ ↑ ↑ ↑

Median Price

$100K

$200K

$300K

$400K

$500K

$600K

Apr '19 Sep '19 Feb '20 Jul '20 Dec '20 May '21 Oct '21 Mar '22 Aug '22 Jan '23 Jun '23 Nov '23 Apr '24

April 2024 Property Type: SF + Condo/TH/Apt

3.99

Last Month Change

+3.1%

12 Month Change

+79.7%

Months Supply of Inventory

Months Of Inv.

Apr '19 Sep '19 Feb '20 Jul '20 Dec '20 May '21 Oct '21 Mar '22 Aug '22 Jan '23 Jun '23 Nov '23 Apr '24

Sold Public Records

Realtors Property Resource

, LLC Source: Public Records

April 2024

Property Type: SF + Condo/TH/Apt

Median Sold Price

$460,570

2% MoM

# of Properties

2,107

67.9% MoM

Median $/Sqft

$277

1.1% MoM

Median Living Area Sqft

1,729

2% MoM

Total $ Volume

$1,318,601,330

66.9% MoM

↓ ↓ ↑ ↓ ↓

Median Price

$100K

$200K

$300K

$400K

$500K

Apr '19 Sep '19 Feb '20 Jul '20 Dec '20 May '21 Oct '21 Mar '22 Aug '22 Jan '23 Jun '23 Nov '23 Apr '24

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

Median Sales Price

Public Records

Median Sales Price

Listings

Sales Volume

Public Records

Sales Volume

Listings

Median Sales Price vs. Sales

Volume

This chart compares the listings and

public records sales price trend and

sales volume for homes in an area.

Data Source: Public Record and

Listing data

Update Frequency: Monthly

Neighborhood: Housing Stats and Charts

Maricopa County Arizona USA

Median Estimated Home Value $478K $446K $361K

Estimated Home Value 12-Month Change +3.8% +3.3% +5.7%

Median List Price $565K $499K –

List Price 1-Month Change +2.6% +1.9% –

List Price 12-Month Change +3.6% +4.3% –

Median Home Age 31 31 43

Own 64% 66% 65%

Rent 36% 34% 35%

$ Value of All Buildings for which Permits Were Issued $9.55B $13.8B $307B

% Change in Permits for All Buildings +28% +25% +13%

% Change in $ Value for All Buildings +29% +27% +10%

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

Median List Price

Listing Volume

Median Listing Price vs.

Listing Volume

This chart compares the listings and

public records sales price trend and

sales volume for homes in an area.

Data Source: Public Record and

Listing data

Update Frequency: Monthly

Sales Count By Price Range

Price Range of Comps Sold

This chart shows the distribution of

homes reported sold in the past three

months within different price ranges in

the area of your search. The amount

shown for the subject property is sold

data where available, or the property's

estimated value when sales data is

unavailable (such as a non-disclosure

state) or provided in range format.

Data Source: Public records data

Update Frequency: Daily

Sales Count By Price Per Sq Ft

Price per Square Foot of

Comps Sold

This chart shows the distribution of

homes reported sold in the past three

months at different prices per square

foot.

Data Source: Public records data

Update Frequency: Daily

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

Sales Count By Living Area

Size of Homes Sold

This chart shows the distribution of

homes reported sold in the past three

months of different sizes in the area of

your search.

Data Source: Public records data

Update Frequency: Daily

Sales Count by Age of House

Age Range of Comps Sold

This chart shows the distribution of

homes reported sold in the past three

months of different age ranges in the

area of your search.

Data Source: Public records data

Update Frequency: Daily

Sales Count by Bedroom

Number of Bedrooms in

Homes Sold

This chart shows the distribution of

homes reported sold in the past three

months, compared by the number of

bedrooms, in the area of your search.

Data Source: Public records data

Update Frequency: Daily

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

Neighborhood: People Stats and Charts

Maricopa County Arizona USA

Population 4.43M 7.17M 331M

Population Density per Sq Mi 482 63.1 93.6

Population Change since 2020 +4.4% +3.9% +1.8%

Median Age 37 38 39

Male / Female Ratio 50% 50% 50%

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

Education Levels of

Population

This chart shows the educational

achievement levels of adults in an

area, compared with other

geographies.

Data Source: U.S. Census American

Community Survey via Esri, 2021

Update Frequency: Annually

Maricopa County

Population of Children by

Age Group

This chart shows the distribution of the

population of children by age range —

from birth to 17 — in the area of your

search.

Data Source: U.S. Census

Update Frequency: Annually

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

Maricopa County

Population of Adults by Age

Group

This chart shows the distribution of the

population of adults by age range —

from 18 to 75-plus — in the area of

your search.

Data Source: U.S. Census

Update Frequency: Annually

Maricopa County

Households With Children

This chart shows the distribution of

households with children, categorized

by marital status, in the area of your

search.

Data Source: U.S. Census

Update Frequency: Annually

Maricopa County

Household Income Brackets

This chart shows annual household

income levels within an area.

Data Source: U.S. Census

Update Frequency: Annually

Maricopa County

Presidential Voting Pattern

This chart shows how residents of a

county voted in the 2020 presidential

election.

Data Source: USElectionAtlas.org

Update Frequency: Quadrennially

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

Median Sales Price

Unemployment

Median Sales Price vs.

Unemployment

This chart shows the relationship

between employment and home prices

in a metro area. Employment is a good

measure of the strength of the local

economy. Generally speaking, the

better the job market, the more likely

home prices are rising.

Data Source: Moody's Analytics:

economy.com

Update Frequency: Monthly

Maricopa County

Arizona

USA

Unemployment Rate

This chart shows the unemployment

trend in the area of your search. The

unemployment rate is an important

driver behind the housing market.

Data Source: Bureau of Labor

Statistics

Update Frequency: Monthly

Neighborhood: Economic Stats and Charts

Maricopa County Arizona USA

Income Per Capita $41,533 $38,334 $41,261

Median Household Income $80,675 $72,581 $75,149

Unemployment Rate 3.3% 3.8% 3.7%

Unemployment Number 81.7K 141K 6.27M

Employment Number 2.38M 3.59M 161M

Labor Force Number 2.46M 3.73M 167M

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

Maricopa County

Building Permits

This chart shows the number of

building permits in a county each

quarter.

Data Source: U.S. Census

Update Frequency: Annually

Maricopa County

Occupational Categories

This chart shows categories of

employment within an area.

Data Source: U.S. Census

Update Frequency: Annually

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

Neighborhood: Quality of Life Stats and Charts

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

Quality of Life in –

Maricopa County Arizona USA

Elevation (in feet) 1,634 4,214 –

Annual Rainfall (in inches) 10.08 13.11 –

Annual Snowfall (in inches) 0.76 13.11 –

Days of Full Sun (per year) 180 172 –

Travel Time to Work (in minutes) 26 26 27

Water Quality - Health Violations – – –

Water Quality - Monitoring and Report Violations – – –

Superfund Sites 12 21 2,438

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

Maricopa County

Average Commute Time

This chart shows average commute

times to work, in minutes, by

percentage of an area's population.

Data Source: U.S. Census

Update Frequency: Annually

Maricopa County

How People Get to Work

This chart shows the types of

transportation that residents of the

area you searched use for their

commute.

Data Source: U.S. Census

Update Frequency: Annually

Maricopa County

Average Monthly

Temperature

This chart shows average

temperatures in the area you

searched.

Data Source: NOAA

Update Frequency: Annually

This chart rates the overall livability of

a selected ZIP code on a scale from 0

to 100. AARP Livability™ is a

trademark of AARP Inc.

Data Source:

AARP

Update Frequency: Annual

0-19 20-39 40-59 60-79 80-100

Housing

Affordability & Access

Neighborhood

Access to Life, Work & Play

Transportation

Safe & Convenient Options

Environment

Clean Air & Water

Health

Prevention, Access & Quality

Engagement

Civic & Social Involvement

Opportunity

Inclusion & Possibilities

Total Score

52 / 100

A score over 50 is above average

Brownfield Sites Yes Yes Yes

AARP Livability™ Index for 85260

Neighborhood Report

Maricopa County, Arizona

Information is not guaranteed. Equal Housing Opportunity.

5/9/2024

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is a wholly owned subsidiary of the National

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exclusively for members of the NAR.

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This report has been provided to you by a member of the NAR.

About RPR's Data

RPR generates and compiles real estate and other data from a vast array of

sources. The data contained in your report includes some or all of the following:

Listing data from our partner MLSs and CIEs, and related calculations, like

estimated value for a property or median sales price for a local market.

Public records data including tax, assessment, and deed information.

Foreclosure and distressed data from public records.

Market conditions and forecasts based on listing and public records data.

Census and employment data from the U.S. Census and the U.S. Bureau of

Labor Statistics.

Demographics and trends data from Esri. The data in commercial and

economic reports includes Tapestry Segmentation, which classifies U.S.

residential neighborhoods into unique market segments based on

socioeconomic and demographic characteristics.

Business data including consumer expenditures, commercial market

potential, retail marketplace, SIC and NAICS business information, and

banking potential data from Esri.

School data and reviews from Niche.

Specialty data sets such as walkability scores, traffic counts and flood zones.

Update Frequency

Listings and public records data are updated on a continuous basis.

Charts and statistics calculated from listing and public records data are

refreshed monthly.

Other data sets range from daily to annual updates.

Learn more

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