Casa Grande Market Conditions

Casa Grande Market Conditions

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Casa Grande Market Conditions

How do the average sales prices compare to those in another subdivision? How long is it taking to sell a home in today's market? Are we in a buyer’s market or a seller’s market?  We have statistical information in easy to read graphs and charts that give you a good idea of what's happening in this market. Check often, as this information will be updated monthly.  

Months Supply of Inventory – A seller’s market for listings under $150,000!

The numbers on the left hand side of the chart represent the price range of homes on the market. The numbers across the bottom represent the month's supply of inventory.

In each price point we list the number of months it will take to sell all the active listings in that price range, assuming no more new listings come on the market.  For example, in the price range above $250,000 we have an unhealthy 13.5 months of inventory, which translates into a buyers’ market.  However, in the price points up to $150,000 we have a very healthy and active seller's market with less than 2 months supply of inventory.  The price range between $150,000 and $200,000 shows a balanced market with 5.2 months supply of inventory.  

 Supply and Demand – 22% less homes on the market than two years ago!

This graph shows 24 months of supply vs. demand. The red bars represent the number of homes for sale. The green bars represents the number of closed sales by month while the blue bar shows the number of “under contract” properties-those that are in escrow. 

 Median Sales Price up 24% over the past two years!

The Casa Grande median price of sold properties has been steadily increasing over the past two years with a 24% increase in the median price of sold homes.  Due to the preponderance of financed home purchases rather than cash sales in our area, our median price increases will remain tempered as a result of strict appraisal guidelines required in todays lending atmosphere.



Contact Information

Yost Realty Group
RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ 85122
Fax: 520-836-1177

Each RE/MAX Office Independently Owned and Operated