Is Mission Royale, 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, Mission Royale has remained a Seller's Market.
Housing Prices in Mission Royale, AZ
How much do homes in Mission Royale, AZ cost?
Median Sold Price
$327,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mission Royale was $327,000 in March 2024, down 12.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $355K | $328.4K | -7.5% |
3 Bedrooms | $380K | $309.1K | -18.6% |
4 Bedrooms | $391.7K | $343.2K | -12.4% |
5+ Bedrooms | $445K | $412.4K | -7.3% |
Summary: Mission Royale 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 7.5%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 7.3%.
Housing Supply in Mission Royale, AZ
How many homes are available in Mission Royale, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 68 | +9.7% |
Summary: The Mission Royale real estate market had 68 homes for sale in March 2024, a 9.7% 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 | 26 | 32 | +23.1% |
3 Bedrooms | 16 | 22 | +37.5% |
4 Bedrooms | 16 | 11 | -31.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Mission Royale 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 23.1%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 19 | +72.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Mission Royale in March 2024, up by 72.7% month-over-month. Of the 19 sold homes, 53% were sold under asking, 42% were sold at asking, and 5% were sold over asking.
Days on Market for Mission Royale, AZ
How long does it take to sell a home in Mission Royale, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 91 Days | +29.9% |
Summary: Homes in Mission Royale had an average of 91 days on market in Mar 2024, up by 29.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Mission Royale; 26% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.