Laveen Real Estate Market Overview
Laveen Market Highlights
As of May 4, 2025, the real estate market in Laveen shows notable dynamics that may influence prospective buyers and sellers.
- Over the past month, the number of active listings has increased to 302.
- This rise reflects a growing inventory level, with months of inventory now at 4.9, suggesting a more balanced market.
- Active listings are priced at an average of $551,012, while the average sold price over the same period is notably lower at $478,872.
- Overall, the average days on market for sold properties is currently 81, indicating a steady pace for home sales.
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In the Laveen real estate market, the integration of active, pending, and sold metrics reveals an evolving landscape.
- Currently, active listings have climbed to 302, a substantial increase over the 236 listings from three months ago, indicating a healthy boost in inventory as properties become available for buyers.
- The months of inventory stands at 4.9, marking an increase from 3.4 months just three months prior. This shift usually reflects a transition toward a more balanced market environment, where neither buyers nor sellers hold significant leverage over each other.
- The pricing landscape exhibits disparities, with the average active listing priced at $551,012, while sold properties recently closed at an average of $478,872, a stark difference suggesting that buyers are currently securing homes at lower prices than what is being asked.
- The price per square foot for sold properties is at $228, while active listings average $220 per square foot. This alignment indicates a trend where currently listed homes might be priced competitively as sellers adjust in response to recent sales prices.
- Trends over the past six months show that the average DOM has grown moderately from 69 to 81 days, reflecting a slower rate of absorption in the market. This increase in DOM might also contribute to a more cautious approach from sellers, who may need to adjust their expectations in terms of pricing and timelines to attract buyers.
- Comparing sold listings from the last six months to the current metrics indicates a decrease in sold prices from an average of $512,814 three months ago to the most recent average of $478,872, which could be indicative of increased negotiating power for buyers as inventory becomes more available.
- For prospective buyers, this may present an ideal window to negotiate offers below the asking price, especially as competition for homes starts to level off. Conversely, sellers may need to strategically consider their pricing and marketing strategies to remain competitive in this shifting market.
- Providing both buyers and sellers with informed insights is crucial as the Laveen market continues to adapt, making it essential to closely monitor these key metrics moving forward.
Info About Laveen
Laveen, AZ, is a vibrant community that blends suburban tranquility with the charm of its agricultural roots. Nestled against the backdrop of the South Mountain Preserve, Laveen offers stunning desert landscapes and scenic mountain views that appeal to nature lovers and outdoor enthusiasts. The area’s location provides easy access to Downtown Phoenix and major freeways, making it a convenient choice for commuters while maintaining a peaceful, small-town feel.
Laveen features a diverse mix of real estate options, from modern new-build homes in master-planned communities to traditional ranch-style properties with larger lots. Many homes are designed with spacious layouts, ideal for families, professionals, and retirees alike. Popular neighborhoods include Dobbins Point, Laveen Meadows, and Cottonfields, offering a variety of price points and styles to suit any buyer.
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The area is also home to several parks and recreational spots, including Cesar Chavez Park, which boasts a fishing lake, sports fields, and walking trails. Families benefit from access to highly rated schools and community events, while local businesses, restaurants, and shopping centers add to the convenience and charm of living in Laveen.
For sellers, Laveen’s rapid growth and increased desirability make it a strong market for listing a property. Buyers are drawn to the area’s affordability compared to other Phoenix suburbs, as well as its modern amenities and rural appeal. Whether you’re looking to buy or sell, navigating the Laveen real estate market with expert guidance can make all the difference in achieving your goals.