Is Rancho Gabriela, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rancho Gabriela is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Rancho Gabriela has remained a Seller's Market.

Key Takeaway

Rancho Gabriela is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$46,000(-9.9%)

Key Takeaway

Homes in Rancho Gabriela have sold for 9.9% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $400K$362.5K
-9.4%
3 $435K$406K
-6.7%
4 $465K$435K
-6.5%
5+ $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
-3.3%
Mountain Gate
-3.3%
Marley Park
-6.3%
Rancho Gabriela
-9.9%

Housing Supply in Rancho Gabriela, AZ

How many homes are available in Rancho Gabriela, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2215-31.8%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 75
-28.6%
4 118
-27.3%
5+ 42
-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 2024Feb 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rancho Gabriela, you may be able to get a good deal. 60% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
69 Days120 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rancho Gabriela has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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