Sun Lakes, AZ 85248 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The best recent indicator of market value is the median sold price of $534,500, which reflects realized transaction levels and suggests pricing is roughly in line with current asking behavior given a median listing price of $537,275; sellers should expect limited upside over recent sale levels and consider modest concessions or realistic pricing to close deals.
2. Liquidity appears cooler than a year ago: the median days on market is 146, indicating slower sales velocity that may indicate more time is required to transact at asking prices; agents should plan for longer marketing windows and staged pricing strategies.
3. Market-level signals are soft: overall price momentum is down and the market temperature is characterized as cold, while interest rate pressure is elevated—this combination suggests pricing friction persists and sellers should not assume a rapid return to stronger bidding dynamics.
4. Rental market strength is a supportive datapoint for income owners: median market rent is $1,951 and rent year-over-year trend is up, while the median price per square foot is $269; investors should weigh improving rents against elevated financing costs when assessing hold-versus-sell decisions.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.