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2017 Maricopa AZ Housing Market Report

2017 Maricopa AZ Housing Market Report, Statistics and House Value

Understanding the general direction of the Maricopa AZ housing market conditions and home prices is vital importance to both buyers and sellers. These information help you make a more informed decision when buying or selling a home in Maricopa AZ.

Here are Maricopa AZ housing market trends report and statistics for single family detached home for year 2017. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past two years for Maricopa AZ provided by the FlexMLS system.

2017 Maricopa AZ Real Estate Housing Market Update Highlights:
  • New listing for homes for sale had increased about 6.8% from 2016
  • 2017 Average Sold Price for Single Family Home in Maricopa is $196,576 and had increased 10.1% from 2016
  • Median Sold Price in 2017 was $185,000, which had increased 9.5% from a year ago
  • 98% of single family home sold in Maricopa in 2017 are traditional sales
  • 2017 most expansive home sold in Maricopa was sold for $455,000
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Maricopa AZ 2017 Housing Closed Sales Report Analysis

Based on statistics, we saw about 9.3% increased in the number of single family homes sold in 2017 compared to a year ago. The statistics show that we had 1,861 residential single family homes sold in 2017 in Maricopa AZ compared to 1,702 in 2016.

In 2017, we saw 67 days on Market (DOM), compare to 65 in 2016. It took average 76 days to get your Maricopa home sold in 2017.

2017 Maricopa Median Sold Price for Single Family Homes

2017 median sold price in Maricopa is $185,000. Compare to a year ago, 2016 median sold price was $169,000.The median sold price for single family home in Maricopa had appreciated about 9.5% from a year ago.

2017 Maricopa Median Sold Price was $185,000
Click here to view Homes for Sale in Maricopa AZ Under $175,000

Maricopa AZ 2017 Average Sold Price Analysis

2017 average sold price for single family homes in Maricopa AZ is $196,576. Compare to last year 2016 at $178,531, the average sold price has increased about 10.1% from a year ago.

2017 Maricopa Average Sold Price was $196,576
Click here to view Homes for Sale in Maricopa AZ Under $195,000

The price per square feet for 2017 in Maricopa is $94 per square feet.

Based on statistics on both of median sold price and average sold price, buyers are paying more for a single family homes in Maricopa AZ compare to a year ago.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

Also Read: How rising interest rates will impact housing affordability?

Wondering how much house you can afford?

Click here to access housing mortgage payment calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.


Selling Your Home in Maricopa AZ

Contact or call Swee Ng at 480.721.6253 today to discuss your potential Maricopa AZ Home Price and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.

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Summary
Article Name
2017 Maricopa AZ Housing Market Report
Description
2017 Maricopa AZ Housing Market Report, Statistics and House Value. 2017 Average Sold Price for Single Family Home in Maricopa is $196,576 and had increased 10.1% from 2016.
Author
Publisher Name
Swee Ng Realtor® with HomeSmart
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