Goodyear, Arizona Housing Market

How much can you negotiate in Goodyear?

Only 46 out of every 100 homes for sale have found a buyer. The other 54 are still waiting. Your offer may be the only one on the table. About 1 in 3 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.

A typical Goodyear home takes 58 days to find a buyer. Half of them take even longer. That is 12% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 516 homes for sale in Goodyear. That is 7.5 times the tightest month on record, but below the peak of 590. Supply is steady against last year.

What to do about it

• Search Goodyear homes listed 60+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

Is now a good time to buy in Goodyear?

Asking prices are 11.9% below their May 2022 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Goodyear prices rose in only 74 of the last 108 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.

There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.

Who will rent from you in Goodyear?

Only 22 out of every 100 Goodyear households rent. This is an owners' town. That share has held steady for five years. Goodyear added about 2,600 renter households in five years. Renter households here average 2.5 people. Families rent here. Buy bedrooms, not studios.

Households grew 49% in five years. The housing stock grew 46%. Demand is outrunning supply. 9.4% of homes sit empty. That is normal for a healthy market.

The median Goodyear household earns $103,318 a year. Incomes here have grown 4.5% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 4.9 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. A tenant on the median income can pay about $2,583 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Goodyear deal with?

• Price growth to assume — +2.4%/yr. Goodyear grew 6.5% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Goodyear grows about 2.4% a year. That is the number to type in. Prices fell 2.8% over the last year. That is a timing signal, not a trend.
• Months of carrying cost — 2. A typical home takes 58 days to sell. Budget that long when you exit or refinance.
• Odds you cut your price to sell — 1 in 3. About 30% of homes on the Goodyear market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
• Comp on this, not median price — $235/sqft. The average listing runs +10% above the median. Luxury homes skew it. Comp your own size class per sqft.
• Competition when you exit — -2%. The number of homes for sale barely moved in a year. Today's comps are a fair guide to your exit.
• Price-to-income ratio — 4.9×. A typical home costs 4.9 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. Incomes are rising faster than home prices. Affordability is improving.
• Tenant rent ceiling — $2,583/mo. 30% of the median household income of $103,318. Rents above this line shrink your tenant pool fast.

Is Goodyear a buyer's or seller's market in 2026?

Yes, if you negotiate. Buyers have the upper hand in Goodyear right now. 46 out of every 100 homes for sale have a buyer, 30% of sellers have cut their price, and a typical home takes 58 days to sell.

Are Goodyear home prices going up or down?

Asking prices are 11.9% below their May 2022 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What price growth should I assume for Goodyear?

Assume +2.4% a year. Goodyear grew 6.5% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Goodyear grows about 2.4% a year. That is the number to type in. Prices fell 2.8% over the last year. That is a timing signal, not a trend.

How fast are homes selling in Goodyear?

A typical Goodyear home takes 58 days to find a buyer. Half of them take even longer. That is 12% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.

Is Goodyear a renters' market or an owners' market?

Only 22 out of every 100 Goodyear households rent. This is an owners' town. That share has held steady for five years. 9.4% of homes sit empty. That is normal for a healthy market.

What rent can Goodyear tenants afford?

A tenant on the median income can pay about $2,583 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Goodyear household earns $103,318 a year.