Is Johnson 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, Johnson Ranch has remained a Seller's Market.
Housing Prices in Johnson Ranch, AZ
How much do homes in Johnson Ranch, AZ cost?
Median Sold Price
$395,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Johnson Ranch was $395,000 in March 2024, down 5.5% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $405K | $400K | -1.2% |
3 Bedrooms | $400K | $365K | -8.8% |
4 Bedrooms | $450K | $421.9K | -6.2% |
5+ Bedrooms | $499.5K | $455K | -8.9% |
Summary: Johnson 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 decreased by 1.2%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Neighborhoods
Johnson Ranch | $417.8K | $395K | -5.5% |
Stonegate | $395K | $335.1K | -15.1% |
Housing Supply in Johnson Ranch, AZ
How many homes are available in Johnson Ranch, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
126 | 119 | -5.6% |
Summary: The Johnson Ranch real estate market had 119 homes for sale in March 2024, a 5.6% decrease 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 | 21 | 24 | +14.3% |
3 Bedrooms | 49 | 43 | -12.2% |
4 Bedrooms | 46 | 40 | -13.0% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Johnson 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 14.3%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 31 | +19.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Johnson Ranch in March 2024, up by 19.2% month-over-month. Of the 31 sold homes, 35% were sold under asking, 55% were sold at asking, and 10% were sold over asking.
Days on Market for Johnson Ranch, AZ
How long does it take to sell a home in Johnson Ranch, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
87 Days | 57 Days | -34.0% |
Summary: Homes in Johnson Ranch had an average of 57 days on market in Mar 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in Johnson Ranch; 35% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.