Queen Creek Real Estate Market Update – December 2024

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%

• 352 active listings in December 2024, compared to 294 in December 2023.

• What this means: More homes are available for buyers, giving them more options while increasing competition among sellers.

🔼 Sold Listings Rose by 23.8%

• 104 homes sold in December 2024, up from 84 in December 2023.

• 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%

• 3.38 months of supply in December 2024, down from 3.50 in December 2023.

• 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%

• $258.24 per sq. ft., up from $254.21 in December 2023.

• 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%

• 90 days on market, up from 48 days in December 2023.

• What this means: While homes are still selling, buyers are taking longer to make decisions, possibly due to higher interest rates or increased inventory.

🏡 What Does This Mean for Buyers and Sellers?

For Buyers:

✅ More inventory means more options when looking for a home.✅ Homes are staying on the market longer, allowing for more negotiation power.✅ Prices are increasing slightly, so acting sooner may save money before further price hikes.

For Sellers:

✅ Home values remain strong, meaning now is a great time to list and get top dollar.✅ Expect a longer selling process as buyers take more time to decide.✅ Proper pricing and strategic marketing are key to selling faster in today’s market.

📌 Final Thoughts: A Balanced Market Ahead?

The Queen Creek housing market is evolving as we enter 2025. With more listings, strong buyer demand, and stable prices, we may be shifting toward a more balanced market. Whether you're looking to buy or sell, staying informed on these trends will help you make the best decision.

💡 Thinking about buying or selling in Queen Creek? Let’s connect and create a strategy tailored to your needs. Contact a local real estate professional today!