Is Cottonwood Ranch, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cottonwood Ranch has remained a Buyer's Market.
Housing Prices in Cottonwood Ranch, AZ
How much do homes in Cottonwood Ranch, AZ cost?
Median Sold Price
$346,500
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cottonwood Ranch was $346,500 in March 2024, down 3.1% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $340K | $334.9K | -1.5% |
4 Bedrooms | $363.5K | $346.5K | -4.7% |
5+ Bedrooms | $414.9K | $370.4K | -10.7% |
Summary: Cottonwood Ranch housing prices by bedroom type for March 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 1.5%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 10.7%.
Housing Supply in Cottonwood Ranch, AZ
How many homes are available in Cottonwood Ranch, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 38 | +11.8% |
Summary: The Cottonwood Ranch real estate market had 38 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Cottonwood Ranch housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Cottonwood Ranch in March 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Cottonwood Ranch, AZ
How long does it take to sell a home in Cottonwood Ranch, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 93 Days | +102.3% |
Summary: Homes in Cottonwood Ranch had an average of 93 days on market in Mar 2024, up by 102.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Cottonwood Ranch; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.