Is Highland Ridge, 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, Highland Ridge has remained a Seller's Market.
Housing Prices in Highland Ridge, AZ
How much do homes in Highland Ridge, AZ cost?
Median Sold Price
$617,500
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Highland Ridge was $617,500 in April 2024, down 0.4% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $572.5K | $610K | +6.6% |
4 Bedrooms | $657K | $625K | -4.9% |
5+ Bedrooms | $752.5K | $642K | -14.7% |
Summary: Highland Ridge 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 increased by 6.6%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Neighborhoods
Highland Ridge | $620K | $617.5K | -0.4% |
Meridian Pointe | $520K | $485K | -6.7% |
Housing Supply in Highland Ridge, AZ
How many homes are available in Highland Ridge, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Summary: The Highland Ridge real estate market had 12 homes for sale in April 2024, a 7.7% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Highland Ridge 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 remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Highland Ridge in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Highland Ridge, AZ
How long does it take to sell a home in Highland Ridge, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 38 Days | -17.7% |
Summary: Homes in Highland Ridge had an average of 38 days on market in Apr 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Highland Ridge; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.