As we move forward into 2025, the real estate market in Queen Creek, AZ, continues to show signs of growth and shifting trends. Whether you’re a homeowner, buyer, or investor, understanding the current market conditions can help you make informed decisions. Let’s break down the latest numbers from December 2024 and what they mean for you.
Key Market Trends in Queen Creek (December 2024)
Active Listings Increased by 19.7%
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352 active listings in December 2024, compared to 294 in December 2023.
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What this means: More homes are available for buyers, giving them more options while increasing competition among sellers.
Sold Listings Rose by 23.8%
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104 homes sold in December 2024, up from 84 in December 2023.
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What this means: The demand for homes in Queen Creek is strong, and buyers are still active despite market fluctuations.
Months of Supply Decreased by 3.3%
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3.38 months of supply in December 2024, down from 3.50 in December 2023.
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What this means: A lower supply indicates a seller’s market, meaning homes are selling faster, and there’s strong demand.
Median Sale Price per Square Foot Increased by 1.6%
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$258.24 per sq. ft., up from $254.21 in December 2023.
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What this means: Home values are holding steady and slightly increasing, making it a good time for sellers to capitalize on rising prices.
Median Days on Market Jumped by 86.6%
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90 days on market, up from 48 days in December 2023.
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What this means: While homes are still selling, buyers are taking longer to make decisions, possibly due to higher interest rates or increased inventory.
