Home closings in Queen Creek fell by a third in October as pending sales nearly halved

Fewer Queen Creek homes changed hands in October than a year earlier, though prices barely moved, according to figures from Phoenix Realtors reported Friday by the Queen Creek Independent.

The town recorded 98 single-family closings for the month, down 33.3% from October 2025. Pending sales, contracts signed but not yet closed, dropped 49.2% to 67.

Sellers also pulled back. New listings fell 17.6% to 140. Even so, the number of homes on the market rose 5.1% to 622, because fewer of them sold. That works out to five months of supply, up from 4.2 months a year earlier.

Prices held up. The median sale price rose 2.8% to $667,493, and the average was close to flat at $759,161. Sellers received 98.1% of their asking price on average. Homes that sold took 94 days, about a week less than a year earlier.

Through the first 10 months of the year, closings were down 8.4% and the median price was up 0.6% compared with the same period of 2025, Phoenix Realtors board president Sammy Glassman told the Independent.

Glassman told the paper that interest rates, economic worries and the then-upcoming election combined to make October a hard month. Buyers now have more homes to choose from, he said, and with prices fairly steady, recent sales of similar homes are a better guide for an offer than the drop in sales alone.

Queen Creek's slowdown was steeper than the Valley's as a whole. Across the Phoenix area, closings fell 17.9% from a year earlier, pending sales dropped 45.9% and new listings slipped 9%, according to the report.

Sources

yourvalley.net