Is Arrowhead Ranch Phase III, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Arrowhead Ranch Phase III has remained a Seller's Market.
Housing Prices in Arrowhead Ranch Phase III, AZ
How much do homes in Arrowhead Ranch Phase III, AZ cost?
Median Sold Price
$546,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arrowhead Ranch Phase III was $546,000 in April 2024, down 12.6% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $435K | N/A |
3 Bedrooms | $546K | $500K | -8.4% |
4 Bedrooms | $680K | $615K | -9.6% |
5+ Bedrooms | $746.4K | $762.4K | +2.1% |
Summary: Arrowhead Ranch Phase III housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in Arrowhead Ranch Phase III, AZ
How many homes are available in Arrowhead Ranch Phase III, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Summary: The Arrowhead Ranch Phase III real estate market had 23 homes for sale in April 2024, a 4.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 6 | -33.3% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Arrowhead Ranch Phase III housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Arrowhead Ranch Phase III in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Arrowhead Ranch Phase III, AZ
How long does it take to sell a home in Arrowhead Ranch Phase III, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 66 Days | +63.1% |
Summary: Homes in Arrowhead Ranch Phase III had an average of 66 days on market in Apr 2024, up by 63.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Arrowhead Ranch Phase III; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.