Is 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, Mountain Ranch has remained a Seller's Market.
Housing Prices in Mountain Ranch, AZ
How much do homes in Mountain Ranch, AZ cost?
Median Sold Price
$515,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mountain Ranch was $515,500 in March 2024, down 4.2% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $425K | $507K | +19.3% |
3 Bedrooms | $494.9K | $492.5K | -0.5% |
4 Bedrooms | $565K | $515.5K | -8.8% |
5+ Bedrooms | $710K | $682.5K | -3.9% |
Summary: 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 increased by 19.3%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in Mountain Ranch, AZ
How many homes are available in Mountain Ranch, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 69 | +15.0% |
Summary: The Mountain Ranch real estate market had 69 homes for sale in March 2024, a 15.0% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 31 | 40 | +29.0% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 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 increased by 100%, 3 bedroom homes increased by 29%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Mountain Ranch in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 0% were sold at asking, and 46% were sold over asking.
Days on Market for Mountain Ranch, AZ
How long does it take to sell a home in Mountain Ranch, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 66 Days | +3.0% |
Summary: Homes in Mountain Ranch had an average of 66 days on market in Mar 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Mountain Ranch; 38% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.