Queen Creek Market Report
Welcome to the October 2022 Queen Creek, Arizona Market Report. Queen Creek is considered to be in the East Valley and has a population of 66,346. The average home price in the month of October for Queen Creek was $659,352, down $43,684 from the previous month of September. The average lease price per square foot in Queen Creek listed on the MLS was $1.05 in October, down from $1.09 in September, showing that rent prices are starting to show signs of decline in the Queen Creek area.
The total number of Queen Creek homes sold in October was 123, down 7 sales from 130 in September. This has also been a common theme throughout the valley and is consistent with the time of year.
It took homes in Queen Creek an average of 54 days to go under contract in October, which is 3 days longer than it took in September, at 51 days. As you can see from the chart, Queen Creek has stayed relatively consistent from January 2021 through July 2022. August is really when we see the trend shifting upward, as it is a common theme throughout the valley.
Queen Creek is in line with the rest of the valley and has joined the Buyer’s Market Club. With a $659k average sales price, Queen Creek, Arizona, is ranked among the more expensive cities in the Phoenix Metro. Queen Creek is one of the fastest-growing and more popular towns in the East Valley.