Palo Verde Housing Market Report April 2025•Maricopa County, Arizona

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Housing Prices in Palo Verde, AZ

How much do homes in Palo Verde, AZ cost?

Housing Market Conditions

Is Palo Verde, AZ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Palo Verde is a Seller's Market

Difference Since April 2024

Since last year, Palo Verde has remained a Seller's Market.

Insight

Palo Verde is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$460,000$251/SqFt
+$25,000
+5.7%

Based on all homes sold in the last 12 months

Insight

Homes in Palo Verde have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Palo Verde was $460,000 in April 2025, up 5.7% from last year, and the median price per square foot was $251.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1$215K$190.5K
-11.4%
2$282.5K$307K
+8.7%
3$400.5K$400K
-0.1%
4$500K$515K
+3.0%
5$635K$662.5K
+4.3%

Summary: Palo Verde housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -11.4%. The home price for 2 bedroom homes increased by +8.7%. The home price for 3 bedroom homes decreased by -0.1%. The home price for 4 bedroom homes increased by +3.0%. The home price for 5 bedroom homes increased by +4.3%.

How does Palo Verde, AZ compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Palo Verde, AZ

Housing supply in Palo Verde, AZ

How many homes are available in Palo Verde, AZ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
130Last MonthApr 2025
1072 months agoMar 2025
+21.5 %
Change MoMMar – Apr

Summary: The Palo Verde real estate market had 130 homes for sale in Apr 2025, a 21.5 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
28Last MonthApr 2025
272 months agoMar 2025
+3.7 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
100
0.0%
2810
+25.0%
34863
+31.3%
44247
+11.9%
5910
+11.1%

Summary: Palo Verde housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes increased by +31.3%. The inventory for 4 bedroom homes increased by +11.9%. The inventory for 5 bedroom homes increased by +11.1%.

Asking Price vs. Sold Price

How much do homes in Palo Verde, AZ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price10 Homes

Under Asking Price13 Homes

Insight

If you're buying a home in Palo Verde, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Palo Verde in April 2025, up by 3.7% month-over-month. Of the 28 sold homes, 46% were sold under asking, 36% were sold at asking, and and 18% were sold over asking.

Days on Market for Palo Verde, AZ

How long does it take to sell a home in Palo Verde, AZ?

Breakdown of Home Sale Times

Under 30 Days12 Homes

30 – 90 Days12 Homes

Over 90 Days4 Homes

Insight

Many homes in Palo Verde are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 28 homes were sold in Palo Verde; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
52 DaysThis YearApr 2025
65 Days1 year agoApr 2024
-19.0 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Palo Verde had an average listing age of 52 days in Apr 2025, down by 19.0% compared to the previous year.

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Newest Listings in Palo Verde, AZ

What homes are available in Palo Verde, AZ?

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MLS Disclaimers and Copyright

Based on information from Arizona Regional MLS, for the period 05/01/2023 - 05/01/2025

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 7:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.