How Quickly You Can Expect To Sell Your Home in These 9 Arizona Housing Markets

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If you’re interested in selling your Arizona home and building wealth from the proceeds, take some time to understand the current market — including demand, home prices and typical selling timelines — to decide on timing and prepare yourself for the process. 

According to 2023 U.S. Census data, an estimated 3.5% of Arizona residents had relocated from other states within the previous year, which was above the 2.3% national estimate and good news for potential sellers interested in increased demand. Plus, as of November 2024, Arizona’s average home value of $427,379 a 0.7% year-over-year increase, per Zillow.

A recent GOBankingRates study looked into more than 200 housing markets nationwide, including several in Arizona, to determine which were best for those who wanted to grow wealth. It found that the national mean time to pending was 41 days, and it took a mean of 34 days for a house to close.

Here’s what you can expect with home sale timelines in nine Arizona markets — ranked from the shortest to longest mean pending times.

Also see how quickly you can expect to sell your home in seven New York housing markets.

Tucson

• Average home value: $350,267
• For-sale inventory: 3,619
• Mean days to pending: 44
• Mean days to close: 33

Phoenix

• Average home value: $457,095
• For-sale inventory: 18,670
• Mean days to pending: 48
• Mean days to close: 31

Flagstaff

• Average home value: $622,406
• For-sale inventory: 725
• Mean days to pending: 51
• Mean days to close: 32

Prescott Valley

• Average home value: $454,323
• For-sale inventory: 1,996
• Mean days to pending: 64
• Mean days to close: 32

Yuma

• Average home value: $279,374
• For-sale inventory: 632
• Mean days to pending: 65
• Mean days to close: 34

Lake Havasu City

• Average home value: $359,918
• For-sale inventory: 1,586
• Mean days to pending: 67
• Mean days to close: 32

Sierra Vista

• Average home value: $254,913
• For-sale inventory: 563
• Mean days to pending: 72
• Mean days to close: 35

Payson

• Average home value: $380,071
• For-sale inventory: 478
• Mean days to pending: 72
• Mean days to close: 29

Show Low

• Average home value: $387,099
• For-sale inventory: 666
• Mean days to pending: 78
• Mean days to close: 30

Methodology: For this piece GOBankingRates looked at the 200 largest metro statistical areas (MSA) according to real estate market and found the following 10 factors. For each MSA, GOBankingRates found: (1) one-year percentage change in home value; (2) one-year change in home value in USD; (3) two-year percentage change in home value; (4) two-year change in home value in USD; (5) for-sale inventory; (6) mean days from listing to pending; (7) mean list to sale ratio; (8) mean days from pending to close; (9) share of listings with a price cut; and (10) mean price cut. All data was sourced from Zillow’s June 2024 data. All 10 factors were then scored and combined with the highest score being the worst housing markets. In final calculations factors (1), (2), (9) and (10) were weighted 2x and factor (5) was weighted 0.5x. All data was collected and is up to date as of Sept. 26, 2024.

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