Is Rancho Gabriela, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Rancho Gabriela has remained a Seller's Market.
Housing Prices in Rancho Gabriela, AZ
How much do homes in Rancho Gabriela, AZ cost?
Median Sold Price
$419,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Rancho Gabriela was $419,000 in February 2024, down 9.9% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $400K | $362.5K | -9.4% |
3 Bedrooms | $435K | $406K | -6.7% |
4 Bedrooms | $465K | $435K | -6.5% |
5+ Bedrooms | $640K | $500K | -21.9% |
Summary: Rancho Gabriela housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Neighborhoods
Copper Canyon Ranch | $600K | $580.2K | -3.3% |
Mountain Gate | $600K | $580.2K | -3.3% |
Marley Park | $480K | $450K | -6.3% |
Rancho Gabriela | $465K | $419K | -9.9% |
Housing Supply in Rancho Gabriela, AZ
How many homes are available in Rancho Gabriela, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 15 | -31.8% |
Summary: The Rancho Gabriela real estate market had 15 homes for sale in February 2024, a 31.8% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Rancho Gabriela housing inventory by bedroom type for February 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 28.6%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Rancho Gabriela in February 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Rancho Gabriela, AZ
How long does it take to sell a home in Rancho Gabriela, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
69 Days | 120 Days | +72.7% |
Summary: Homes in Rancho Gabriela had an average of 120 days on market in Feb 2024, up by 72.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Rancho Gabriela; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.