Is Magma 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, Magma Ranch has remained a Seller's Market.
Housing Prices in Magma Ranch, AZ
How much do homes in Magma Ranch, AZ cost?
Median Sold Price
$329,990
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Magma Ranch was $329,990 in March 2024, down 6.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $340K | $311.2K | -8.5% |
4 Bedrooms | $375.2K | $355K | -5.4% |
5+ Bedrooms | $408K | $385K | -5.6% |
Summary: Magma 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 8.5%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in Magma Ranch, AZ
How many homes are available in Magma Ranch, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 35 | -2.8% |
Summary: The Magma Ranch real estate market had 35 homes for sale in March 2024, a 2.8% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Magma 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 remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 13 | +18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Magma Ranch in March 2024, up by 18.2% month-over-month. Of the 13 sold homes, 23% were sold under asking, 62% were sold at asking, and 15% were sold over asking.
Days on Market for Magma Ranch, AZ
How long does it take to sell a home in Magma Ranch, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 65 Days | -13.2% |
Summary: Homes in Magma Ranch had an average of 65 days on market in Mar 2024, down by 13.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Magma Ranch; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.