Sun Lakes, AZ 85248 Real Estate Market Report

ZIP Code: 85248
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Sun Lakes, AZ is characterized by a median sold price of $540,000, reflecting a stable transaction environment despite a down trend in prices year-over-year. This indicates that while the market is experiencing some price pressures, recent month-over-month data suggests a potential stabilization in values. The median days on market has increased to 134 days, signaling a shift towards a more balanced market, moving away from previous seller advantages.

With elevated inventory levels relative to sales activity, the market appears to be adjusting to the current economic conditions, including elevated interest rate pressure which may be influencing buyer behavior. The median listing price stands at $534,000, indicating a slight gap between asking and selling prices, which may reflect seller expectations versus market realities. Overall, the market temperature is currently assessed as neutral, suggesting a cautious approach for both buyers and sellers as they navigate this evolving landscape.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for Sun Lakes AZ property owners average 6.04% APR, which is 0.84% lower than the national average of 6.88% seen earlier in 2026.

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

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Key Findings

1. The median sold price of $540,000 indicates a stable transaction environment amidst a down trend in prices year-over-year.

2. With median days on market at 134 days, the market is showing signs of slower sales velocity, suggesting a shift towards a more balanced environment.

3. The median listing price of $534,000 reflects a pricing gap that may indicate pricing friction between sellers and buyers.

4. Rental rates are experiencing a down trend year-over-year, which may impact overall demand in the market.

5. The current property tax rate is 0.78%, which remains a consideration for potential buyers in the Sun Lakes area.

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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.