Eloy, Arizona, is a small city nestled in Pinal County, approximately 50 miles northwest of Tucson and 65 miles southeast of Phoenix. With a population around 15,635 according to the U.S. Census estimates in 2020, Eloy serves as a quintessential desert town with a rich history tied to the Southern Pacific Railroad. Established in the early 20th century, it was originally a railroad camp that developed into a stop named Eloy, which is an acronym for "East Line Of Yuma." The city is renowned for being the "Skydiving Capital of the World," hosting Skydive Arizona, the largest skydiving dropzone globally, and is home to parachute manufacturers like Firebird USA and Sun Path Products. The town also offers a glimpse into history with attractions like the Casa Grande Valley Historical Society & Museum and is surrounded by natural beauty, including the hiking opportunities at Picacho Peak State Park. Eloy's climate is characterized by hot desert conditions, with long, sweltering summers and mild winters, making it a unique destination for those seeking both adventure and tranquility in the Sonoran Desert.
Eloy currently has 138 single family homes for sale with an average list price of $421,110.54, 15 townhouses for sale with an average list price of $309,419.87, and 308 lots for sale with an average list price of $154,112.63. The average annual property tax for Eloy is $1,225.24.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Eloy, i.e. what's hot and what's not.
See What's Hot & What's Not in EloyEloy home sales for the month of February decreased in volume by 24% when compared to last year, while the median sale price rose by 16.8% from $285,000 to $333,000. House sales decreased by 15%, while the median sale price rose by 11.8% from $322,000 to $360,000. Townhouse sales decreased by 60%, while the median sale price rose by 6.1% from $285,000 to $302,250.
|
183
|
162
|
182
|
224
|
| 2022 | 2023 | 2024 | 2025 |
| # of sales per year | |||
|
$259,500
|
$261,990
|
$334,250
|
$326,000
|
| 2022 | 2023 | 2024 | 2025 |
| median sale price per year | |||
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.