Is McDowell Mountain 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, McDowell Mountain Ranch has remained a Seller's Market.
Housing Prices in McDowell Mountain Ranch, AZ
How much do homes in McDowell Mountain Ranch, AZ cost?
Median Sold Price
$1,060,000
$451/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in McDowell Mountain Ranch was $1,060,000 in March 2024, down 3.6% from last year, and the median price per square foot was $451.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $620K | $607.4K | -2.0% |
3 Bedrooms | $900K | $862.5K | -4.2% |
4 Bedrooms | $1.3M | $1.2M | -4.9% |
5+ Bedrooms | $2.0M | $1.8M | -7.1% |
Summary: McDowell Mountain 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 2%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Neighborhoods
The Ridge by Cachet Homes | $595K | $592.5K | -0.4% |
McDowell Mountain Ranch | $1.1M | $1.0M | -3.6% |
Housing Supply in McDowell Mountain Ranch, AZ
How many homes are available in McDowell Mountain Ranch, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 78 | +5.4% |
Summary: The McDowell Mountain Ranch real estate market had 78 homes for sale in March 2024, a 5.4% increase 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 | 13 | 12 | -7.7% |
3 Bedrooms | 20 | 23 | +15.0% |
4 Bedrooms | 26 | 28 | +7.7% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The McDowell Mountain 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 decreased by 7.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in McDowell Mountain Ranch in March 2024, up by 5.0% month-over-month. Of the 21 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for McDowell Mountain Ranch, AZ
How long does it take to sell a home in McDowell Mountain Ranch, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 67 Days | +17.7% |
Summary: Homes in McDowell Mountain Ranch had an average of 67 days on market in Mar 2024, up by 17.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in McDowell Mountain Ranch; 24% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.