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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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 primary market signal is the median sold price of $546,000, which frames recent transaction-level value and indicates that closed sales are tracking below asking expectations given the median listing price of $473,000; this gap suggests pricing friction and may indicate sellers are adjusting toward market realities.
2. The market shows a cooling trend with down price momentum and a cold market temperature, which together suggest muted buyer competition and slower sales velocity rather than rapid turnover.
3. Liquidity appears soft: the median days on market is 273, representing prolonged marketing periods and slower transaction cadence that may require price concessions or longer marketing strategies to achieve sales.
4. Rents and financing context diverge: median market rent is $1,960 and rent year-over-year trend is up, while interest rate pressure is described as elevated with current 30-year fixed mortgage rates averaging 6.53%, creating affordability headwinds for buyers even as rental cash flows firm; investors should weigh stronger rent trends against higher financing costs.

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.