Palm Valley, Goodyear, AZ Real Estate Market
Palm Valley Housing Market Conditions
Right now you have room to breathe as a buyer in Palm Valley. With 5.2 months of supply, the market is balanced, so neither side is calling all the shots. Homes have taken a median of 83 days to sell. You can usually see a house, sleep on it, and come back for a second look without losing it overnight.
Don't expect a steep discount, though. Sellers have been getting 99.2% of their final list price, and 14% of sales went over asking. The better guide for your offer is what homes actually closed at, a median of $520,000. Today's asking prices sit a little higher, at $534,000. When we write an offer, I'd anchor it to recent sales, not to the sticker.
Typical Palm Valley Homes for Sale
The typical home that sold here has 4 bedrooms and about 2,440 sq ft of living space. It sits on a lot of around 8,340 sq ft and was built around 2003. Single-story plans make up 71% of sales, so if you want everything on one level, you'll have plenty to choose from. Price per square foot has run at a median of $221. That's a handy yardstick for judging whether a listing is priced in line with the neighborhood.
50% of all sales landed between $500,000 and $750,000. Another 28% fell between $400,000 and $500,000. Plan on an HOA, because 100% of homes sold had one. The good news is that fees are modest, with a median of $80 a month.
Palm Valley Homes with RV Parking
If you have a boat, trailer, or motorhome, homes with RV parking in Palm Valley made up 24% of sales last year. They sold for a median of $602,000, which is 16% higher than the overall market. Price per square foot tells a different story, though: it came in 1% lower.
So you aren't paying extra for the RV gate itself. You're paying for more house and more land. These homes are 7% larger inside, and their lots are 30% larger, typically around 10,800 sq ft. HOA dues also tend to be lighter, at 20% lower with a median of $64.
Palm Valley Homes with a Heated Pool
The same pattern holds for homes with a heated pool in Palm Valley. Their median sale price of $647,000 is 24% higher than the market. Per square foot, they were only 2% higher.
What you're mostly buying is space. These homes have about 2,810 sq ft of living area, 15% larger than typical, on lots 24% larger. Their HOA fees run 25% lower, with a median of $60. Only 22 of these sold last year. If a heated pool is a must-have, expect a thinner set of choices than in the broader market.
Palm Valley Homes with a Den or Office
Homes with a den or office in Palm Valley are a big slice of the market, at 39% of sales. They also tend to be 2 years newer than the typical home. They sold for 7% higher than the market, but price per square foot was 1% lower. Again, you're paying for a larger home, 7% larger, rather than for the extra room itself. Their HOA fees match the area median.
This is where I'd push. The 28 den/office homes on the market now are asking a median of $609,000. That's well ahead of the $555,000 these homes have actually sold for. They've also taken a median of 91 days to sell. If a listing in this group looks stretched, recent den/office sales give you solid footing to offer closer to what buyers have actually paid.
Questions to Ask Before Buying in Palm Valley
- Who provides the water? 38% of homes sold were served by a private water company. Find out which provider serves the house and what it charges before you commit.
- Are the solar panels owned outright? 20% of homes sold had solar. Of those, 52% had leased or financed panels that the buyer would take over. Get the contract terms and the monthly payment before you write your offer.
Buying a home in Palm Valley
Finding a home is about more than the listing. The West Valley Home Team can answer questions about the property, the neighborhood and what you should know before making a decision.
You can also get updates on the Palm Valley market, including new listings and changes in the types of homes you are interested in. We can help you set those up. Call or text 623-252-9350 or send us a message.
