March 2024 Real Estate Update in Maricopa

Phoenix Real Estate Market / By
AT A GLANCE

Maricopa Market Conditions

Your information source for Maricopa Market Conditions by experienced Maricopa Realtors. Facts not fiction from the Arizona Regional Multiple Listing Service (MLS).
Text 602-300-0374 or email us
On a price per-square foot average (See charts below):

Prices have dropped to their lowest levels in a year

March 2024 began with listings at 149% of the 3 year average of 340 (from 2021-2023). 

February’s sales were at 76% of the 3 year average of 184 (from 2021-2023).

Call or text 602-300-0374 to ASK US HOW TO GET THE BEST DEAL ON A HOME with current Maricopa Market Conditions!

Information Source

March 26, 2024 8:17 pm

About Maricopa

Maricopa is currently turning over housing inventory once every 3.6 months. 

Maricopa Housing Market Conditions Updated for March 2024

To reduce data errors results are based on:

  • Maricopa SOLD single family residences, patio homes, and townhomes (ask us about condos)
  • List/sales price under $1,000,000
  • Size over 1,000 sq ft.
  • Calendar month

Table Explanation

5 YEARS of sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).

MonthTotal ActiveTotal Sold% SoldMO. INV.Sq ftPriceDOM$$ sq ft+/- List PriceActive # Foreclo.% Active Foreclo.Sold Foreclo.% Sold Foreclo.
Mar-24506        20.4%  
Feb-2450714027.6%3.62,074$374,50781$181-$1,50200.0%00.0%
Jan-2447812425.9%3.91,927$360,39791$187-$3,64900.0%00.0%
Maricopa Housing Market Conditions 2023
Dec-2348013628.3%3.52,033$370,33863$182-$3,19900.0%00.0%
Nov-2345410723.6%4.22,020$374,98294$186-$2,43600.0%10.9%
Oct-2341814634.9%2.91,986$375,04475$189-$3,76800.0%00.0%
Sep-2339017444.6%2.22,032$383,64376$189-$1,75100.0%10.6%
Aug-2338318648.6%2.12,025$379,78469$188-$3,53510.3%00.0%
Jul-2335118051.3%2.02,004$385,14082$192-$2,65400.0%10.6%
Jun-2338120854.6%1.82,025$380,36679$188-$4,73410.3%00.0%
May-2343623052.8%1.92,047$371,09990$181-$4,90020.5%00.0%
Apr-2346518640.0%2.51,965$356,325115$181 20.4%00.0%
Mar-2354121038.8%2.61,952$355,84796$182 00.0%00.0%
Feb-2358312120.8%4.82,089$360,74992$173 00.0%00.0%
Jan-2361311819.2%5.22,108$360,67490$171 10.2%00.0%
Maricopa Housing Market Conditions 2022
Dec-2264113020.3%4.92,032$363,74684$179 10.2%00.0%
Nov-2266211717.7%5.72,221$383,15080$173 00.0%00.0%
Oct-2265813119.9%5.02,044$388,06771$190 00.0%00.0%
Sep-2263517227.1%3.72,080$398,14349$191 00.0%00.0%
Aug-2259415626.3%3.82,001$398,52741$199 00.0%10.6%
Jul-2248614630.0%3.32,148$431,43338$201 00.0%00.0%
Jun-2234420760.2%1.72,070$423,93134$205 00.0%00.0%
May-2223822996.2%1.02,052$419,90235$205 00.0%00.0%
Apr-22165253153.3%0.72,152$420,17839$195 10.6%00.0%
Mar-22172308179.1%0.62,146$409,26945$191 10.6%10.3%
Feb-22197197100.0%1.02,104$398,12144$189 00.0%00.0%
Jan-2225117971.3%1.42,065$383,67038$186 00.0%00.0%
Maricopa Housing Market Conditions 2021
Dec-2127824487.8%1.12,125$383,93032$181 00.0%10.4%
Nov-2125519375.7%1.32,079$378,35830$182 00.0%10.5%
Oct-2126224091.6%1.12,073$369,85124$178 10.4%00.0%
Sep-21201222110.4%0.92,080$366,46527$176 00.0%00.0%
Aug-21181195107.7%0.92,079$369,06223$178 00.0%00.0%
Jul-21116193166.4%0.62,084$360,07920$173 00.0%10.5%
Jun-2190197218.9%0.52,086$352,08620$169 00.0%00.0%
May-2164198309.4%0.32,109$338,80917$161 00.0%00.0%
Apr-2148187389.6%0.32,103$319,54728$152 00.0%10.5%
Mar-2176212278.9%0.42,209$319,63629$145 00.0%10.5%
Feb-2164154240.6%0.42,145$299,96729$140 00.0%10.6%
Jan-2170171244.3%0.42,074$283,75331$137 00.0%00.0%
Maricopa Housing Market Conditions 2020
Dec-20104220211.5%0.52,036$277,94125$137 00.0%10.5%
Nov-20116182156.9%0.62,122$285,74330$135 00.0%10.5%
Oct-2094202214.9%0.52,076$278,64627$134 00.0%21.0%
Sep-2092203220.7%0.52,100$274,17532$131 00.0%21.0%
Aug-20121163134.7%0.72,245$275,23535$123 21.7%10.6%
Jul-2091173190.1%0.52,194$261,48644$119 22.2%31.7%
Jun-20108202187.0%0.52,140$256,74148$120 32.8%00.0%
May-20148172116.2%0.92,198$254,65546$116 32.0%00.0%
Apr-2019717990.9%1.12,144$248,47342$116 21.0%10.6%
Mar-20176202114.8%0.92,056$241,19963$117 10.6%00.0%
Feb-2022616974.8%1.32,074$235,61257$114 31.3%00.0%
Jan-2027712946.6%2.12,130$234,71565$110 51.8%00.0%
Maricopa Market Conditions 2019
Dec-1928417862.7%1.62,055$233,32558$114 62.1%10.6%
Nov-1931216653.2%1.92,136$235,54055$110 31.0%10.6%
Oct-1932517353.2%1.92,086$230,57663$111 51.5%21.2%
Sep-1928617862.2%1.62,177$233,81762$107 31.0%21.1%
Aug-1930120267.1%1.52,112$234,37064$111 41.3%10.5%
Jul-1933419257.5%1.72,064$228,93663$111 61.8%21.0%
Jun-1938319250.1%2.02,139$233,09865$109 41.0%10.5%
May-1938019952.4%1.92,159$231,04671$107 20.5%10.5%
Apr-1932621064.4%1.62,138$224,85976$105 51.5%21.0%
Mar-1935417248.6%2.12,128$226,24570$106 41.1%21.2%
Feb-1937012433.5%3.02,152$221,20962$103 61.6%00.0%
Jan-1930811336.7%2.72,060$225,00978$109 10.3%21.8%

Table Explanation

NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.

  • Total Active – # of homes for sale at the beginning of the current month
  • Total Sold – # of homes sold in the current month
  • % Sold – a ratio of total sold to total active
  • MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory
  • Sq ft – average square footage of sold homes
  • Price – average sales price of sold homes
  • DOM – Days On Market, or average days to sale
  • $ sq ft – average price per square foot
  • +/- List Price – the average dollars received by sellers above or below their average list prices
  • Active # Foreclo. – # distressed properties for sale at beginning of month
  • % Active Foreclo. – active # distressed properties expressed as a %
  • Sold Foreclo. – # distressed properties sold in current month
  • % Sold Foreclo. – # distressed properties expressed as a %

About Maricopa

State: Arizona
County: Maricopa
Location: Town of Maricopa
ZIP or Postal Code(s): 85138, 85139

Maricopa Fast Facts

  • Maricopa is located in Pinal County roughly 20 miles south of Phoenix and about 20 miles northwest of Casa Grande.
  • About 41 square miles in size
  • Water and trash services are contracted out to private companies
  • Population of 46,903 in 2017 making it the 13th largest city in Metro Phoenix and 18th in the state.
  • Maricopa offers residents and businesses the experience of a small-town atmosphere that is within a short distance to two major metropolitan areas.

December’s sales were at 72% of the 3 year average of 190 (from 2020-2022).

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