Is Sonoran Mountain 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, Sonoran Mountain Ranch has remained a Seller's Market.
Housing Prices in Sonoran Mountain Ranch, AZ
How much do homes in Sonoran Mountain Ranch, AZ cost?
Median Sold Price
$583,250
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sonoran Mountain Ranch was $583,250 in April 2024, up 3.7% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $535K | N/A |
3 Bedrooms | $520K | $517.5K | -0.5% |
4 Bedrooms | $570.9K | $610K | +6.8% |
5+ Bedrooms | $725K | $645K | -11.0% |
Summary: Sonoran Mountain Ranch 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 0.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Neighborhoods
North Gateway | $600K | $639.9K | +6.7% |
Sonoran Mountain Ranch | $562.5K | $583.2K | +3.7% |
Mesquite | $675.7K | $652K | -3.5% |
Housing Supply in Sonoran Mountain Ranch, AZ
How many homes are available in Sonoran Mountain Ranch, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Summary: The Sonoran Mountain Ranch real estate market had 19 homes for sale in April 2024, a 26.7% increase 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 | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Sonoran Mountain 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Sonoran Mountain Ranch in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Sonoran Mountain Ranch, AZ
How long does it take to sell a home in Sonoran Mountain Ranch, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 36 Days | -28.0% |
Summary: Homes in Sonoran Mountain Ranch had an average of 36 days on market in Apr 2024, down by 28% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Sonoran Mountain Ranch; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.