Is Desert Ridge, 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, Desert Ridge has remained a Seller's Market.
Housing Prices in Desert Ridge, AZ
How much do homes in Desert Ridge, AZ cost?
Median Sold Price
$779,555
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Desert Ridge was $779,555 in March 2024, up 4.4% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $329K | $324.5K | -1.4% |
2 Bedrooms | $495K | $472.5K | -4.5% |
3 Bedrooms | $687K | $695K | +1.2% |
4 Bedrooms | $936.4K | $906.5K | -3.2% |
5+ Bedrooms | $1.1M | $1.1M | +2.0% |
Summary: Desert Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
Desert Ridge | $747K | $779.5K | +4.4% |
Toscana of Desert Ridge | $475K | $440K | -7.4% |
Housing Supply in Desert Ridge, AZ
How many homes are available in Desert Ridge, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
128 | 139 | +8.6% |
Summary: The Desert Ridge real estate market had 139 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 36 | 40 | +11.1% |
3 Bedrooms | 35 | 39 | +11.4% |
4 Bedrooms | 34 | 35 | +2.9% |
5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Desert Ridge 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 11.1%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 41 | +41.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Desert Ridge in March 2024, up by 41.4% month-over-month. Of the 41 sold homes, 44% were sold under asking, 46% were sold at asking, and 10% were sold over asking.
Days on Market for Desert Ridge, AZ
How long does it take to sell a home in Desert Ridge, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 61 Days | -8.6% |
Summary: Homes in Desert Ridge had an average of 61 days on market in Mar 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in Desert Ridge; 32% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.