Is Rancho Bella Vista South, 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 South has remained a Seller's Market.
Housing Prices in Rancho Bella Vista South, AZ
How much do homes in Rancho Bella Vista South, AZ cost?
Median Sold Price
$385,000
$207/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 South was $385,000 in April 2024, down 4.9% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $390K | $341.5K | -12.4% |
4 Bedrooms | $427.5K | $385K | -9.9% |
5+ Bedrooms | $457K | $480K | +5.0% |
Summary: Rancho Bella Vista South 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 decreased by 12.4%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Neighborhoods
Johnson Ranch | $405K | $396.2K | -2.2% |
Rancho Bella Vista South | $405K | $385K | -4.9% |
Greens II | $377.6K | $347.5K | -8.0% |
Housing Supply in Rancho Bella Vista South, AZ
How many homes are available in Rancho Bella Vista South, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 15 | -6.3% |
Summary: The Rancho Bella Vista South real estate market had 15 homes for sale in April 2024, a 6.3% decrease 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 | 6 | 6 | 0.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Rancho Bella Vista South 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Rancho Bella Vista South in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Rancho Bella Vista South, AZ
How long does it take to sell a home in Rancho Bella Vista South, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 43 Days | -40.8% |
Summary: Homes in Rancho Bella Vista South had an average of 43 days on market in Apr 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Rancho Bella Vista South; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.