Is Rancho Bella Vista, 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, Rancho Bella Vista has remained a Seller's Market.
Housing Prices in Rancho Bella Vista, AZ
How much do homes in Rancho Bella Vista, AZ cost?
Median Sold Price
$420,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rancho Bella Vista was $420,000 in April 2024, up 5.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $263K | N/A |
3 Bedrooms | $325K | $338.5K | +4.2% |
4 Bedrooms | $414K | $434.9K | +5.1% |
5+ Bedrooms | $505K | $419.9K | -16.8% |
Summary: Rancho Bella Vista housing prices by bedroom type for April 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 increased by 4.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Neighborhoods
Rancho Bella Vista | $399K | $420K | +5.3% |
Johnson Ranch | $405K | $396.2K | -2.2% |
Housing Supply in Rancho Bella Vista, AZ
How many homes are available in Rancho Bella Vista, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Summary: The Rancho Bella Vista real estate market had 21 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rancho Bella Vista 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Rancho Bella Vista in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Rancho Bella Vista, AZ
How long does it take to sell a home in Rancho Bella Vista, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
98 Days | 54 Days | -44.2% |
Summary: Homes in Rancho Bella Vista had an average of 54 days on market in Apr 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Rancho Bella Vista; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.