Is Rancho Vista, 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, Rancho Vista has remained a Seller's Market.
Housing Prices in Rancho Vista, AZ
How much do homes in Rancho Vista, AZ cost?
Median Sold Price
$379,990
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rancho Vista was $379,990 in March 2024, down 4.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $352.9K | $359.4K | +1.8% |
4 Bedrooms | $398.7K | $382.9K | -4.0% |
5+ Bedrooms | $426.9K | $412.3K | -3.4% |
Summary: Rancho Vista 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 did not change, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in Rancho Vista, AZ
How many homes are available in Rancho Vista, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 32 | -5.9% |
Summary: The Rancho Vista real estate market had 32 homes for sale in March 2024, a 5.9% decrease 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 | 0 | 0 | 0.0% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Rancho Vista 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 remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 17 | +183.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Rancho Vista in March 2024, up by 183.3% month-over-month. Of the 17 sold homes, 29% were sold under asking, 53% were sold at asking, and 18% were sold over asking.
Days on Market for Rancho Vista, AZ
How long does it take to sell a home in Rancho Vista, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 19 Days | -67.4% |
Summary: Homes in Rancho Vista had an average of 19 days on market in Mar 2024, down by 67.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Rancho Vista; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.