Is Gainey Ranch, 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, Gainey Ranch has remained a Seller's Market.
Housing Prices in Gainey Ranch, AZ
How much do homes in Gainey Ranch, AZ cost?
Median Sold Price
$1,012,500
$545/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gainey Ranch was $1,012,500 in April 2024, down 6.4% from last year, and the median price per square foot was $545.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $825K | $827.5K | 0.3% |
3 Bedrooms | $1.2M | $1.3M | +7.9% |
4 Bedrooms | $1.4M | $2.0M | +44.1% |
5+ Bedrooms | - | $3.8M | N/A |
Summary: Gainey Ranch 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 increased by 0.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes did not change.
Housing Supply in Gainey Ranch, AZ
How many homes are available in Gainey Ranch, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 47 | -6.0% |
Summary: The Gainey Ranch real estate market had 47 homes for sale in April 2024, a 6.0% 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 | 25 | 18 | -28.0% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Gainey Ranch 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 decreased by 28%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Gainey Ranch in April 2024, down by 21.4% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.
Days on Market for Gainey Ranch, AZ
How long does it take to sell a home in Gainey Ranch, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 62 Days | -6.8% |
Summary: Homes in Gainey Ranch had an average of 62 days on market in Apr 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Gainey Ranch; 9% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.