Is Scottsdale Ranch, 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, Scottsdale Ranch has remained a Seller's Market.
Housing Prices in Scottsdale Ranch, AZ
How much do homes in Scottsdale Ranch, AZ cost?
Median Sold Price
$785,000
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Scottsdale Ranch was $785,000 in April 2024, up 6.1% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $296.9K | +2.4% |
2 Bedrooms | $550K | $555.5K | +1.0% |
3 Bedrooms | $854.5K | $807.5K | -5.5% |
4 Bedrooms | $1.3M | $1.1M | -11.5% |
5+ Bedrooms | $1.7M | $1.5M | -11.5% |
Summary: Scottsdale Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 11.5%.
Housing Supply in Scottsdale Ranch, AZ
How many homes are available in Scottsdale Ranch, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 89 | +9.9% |
Summary: The Scottsdale Ranch real estate market had 89 homes for sale in April 2024, a 9.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 34 | 40 | +17.6% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Scottsdale Ranch 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 increased by 17.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Scottsdale Ranch in April 2024, up by 18.8% month-over-month. Of the 19 sold homes, 68% were sold under asking, 21% were sold at asking, and 11% were sold over asking.
Days on Market for Scottsdale Ranch, AZ
How long does it take to sell a home in Scottsdale Ranch, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 62 Days | -26.0% |
Summary: Homes in Scottsdale Ranch had an average of 62 days on market in Apr 2024, down by 26% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Scottsdale Ranch; 32% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.