Considering a move in the dynamic Phoenix East Valley? Whether you’re looking to buy or sell, understanding the unique Real Estate landscape of each city can make all the difference. Here’s the Phoenix East Valley, Arizona Real Estate Housing Market Analysis for the year 2023 to help you make informed decisions in this new year 2024.
Gilbert, AZ
- Sold Listings: 3,112
- Average List Price: $634,977
- Average Sales Price: $624,181
- Average Days on Market: 57
Gilbert presents a robust market with a considerable number of listings and a reasonable average sales price. Buyers can explore family-friendly neighborhoods, while sellers should strategically price their homes.
Queen Creek, AZ
- Sold Listings: 1,667
- Average List Price: $683,262
- Average Sales Price: $670,272
- Average Days on Market: 82
Queen Creek offers a more competitive market, and buyers should be prepared for potentially longer wait times. Sellers can capitalize on the higher average list and sales prices.
San Tan Valley, AZ
- Sold Listings: 2,093
- Average List Price: $436,855
- Average Sales Price: $431,789
- Average Days on Market: 67
San Tan Valley stands out for its affordability. Buyers on a budget might find excellent opportunities here, while sellers should highlight the value for money.
Mesa, AZ
- Sold Listings: 6,858
- Average List Price: $449,469
- Average Sales Price: $441,236
- Average Days on Market: 58
Mesa boasts a high number of sold listings, making it a bustling market. Buyers can explore diverse options, while sellers should stay competitive with strategic pricing.
Chandler, AZ
- Sold Listings: 2,708
- Average List Price: $587,659
- Average Sales Price: $577,681
- Average Days on Market: 52
Chandler offers a balanced market with a reasonable number of sold listings and competitive prices. Buyers and sellers can both find favorable conditions.
Tempe, AZ
- Sold Listings: 1,337
- Average List Price: $486,856
- Average Sales Price: $475,626
- Average Days on Market: 52
Tempe’s market is dynamic, and both buyers and sellers should be prepared for quick transactions. Competitive pricing is essential for success.
Scottsdale, AZ
- Sold Listings: 6,234
- Average List Price: $1,148,722
- Average Sales Price: $1,108,940
- Average Days on Market: 67
Scottsdale’s luxury market offers high average prices. Buyers seeking upscale living should explore, while sellers should emphasize the exclusivity of their properties.
Phoenix, AZ
- Sold Listings: 13,502
- Average List Price: $533,707
- Average Sales Price: $522,091
- Average Days on Market: 56
Phoenix, as a major hub, presents a dynamic market. Buyers and sellers alike should be prepared for quick transactions and competitive pricing.
Summarizing Phoenix East Valley:
- Total Sold Listings: 37,551
- Average List Price: $638,828
- Average Sales Price: $625,079
- Average Days on Market: 60
The Phoenix East Valley collectively offers a wealth of opportunities for both homebuyers and homesellers. With a diverse range of markets, each city presents unique advantages. Buyers should be attentive to pricing dynamics, and sellers should tailor their strategies to local market conditions. Partnering with a knowledgeable Real Estate professional can help you navigate and we would like to help you. Contact us @ Perspective Real Estate Group whether for home valuation, Real Estate transaction, or advice.