Is Mountain Park Ranch, 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, Mountain Park Ranch has remained a Seller's Market.
Housing Prices in Mountain Park Ranch, AZ
How much do homes in Mountain Park Ranch, AZ cost?
Median Sold Price
$560,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mountain Park Ranch was $560,000 in April 2024, down 2.6% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $277.5K | $259K | -6.7% |
2 Bedrooms | $390.6K | $395K | +1.1% |
3 Bedrooms | $505K | $490K | -3.0% |
4 Bedrooms | $692.5K | $637K | -8.0% |
5+ Bedrooms | $812.5K | $714K | -12.1% |
Summary: Mountain Park Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 12.1%.
Median Sold Price Compared To Nearby Neighborhoods
Mountain Park Ranch | $575K | $560K | -2.6% |
Mountain Canyon | $375K | $300K | -20.0% |
Housing Supply in Mountain Park Ranch, AZ
How many homes are available in Mountain Park Ranch, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 56 | -11.1% |
Summary: The Mountain Park Ranch real estate market had 56 homes for sale in April 2024, a 11.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 28 | 20 | -28.6% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Mountain Park Ranch 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 increased by 20%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 26 | +52.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Mountain Park Ranch in April 2024, up by 52.9% month-over-month. Of the 26 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for Mountain Park Ranch, AZ
How long does it take to sell a home in Mountain Park Ranch, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 46 Days | -43.5% |
Summary: Homes in Mountain Park Ranch had an average of 46 days on market in Apr 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Mountain Park Ranch; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.