Is The Racquet Club, 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, The Racquet Club has remained a Seller's Market.
Housing Prices in The Racquet Club, AZ
How much do homes in The Racquet Club, AZ cost?
Median Sold Price
$372,000
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The Racquet Club was $372,000 in April 2024, down 8.1% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $288.7K | $300K | +3.9% |
2 Bedrooms | $530K | $390K | -26.4% |
3 Bedrooms | $627.6K | $510K | -18.7% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: The Racquet Club housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes decreased by 26.4%, 3 bedroom homes decreased by 18.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Central Scottsdale | $799K | $835.5K | +4.6% |
The Racquet Club | $405K | $372K | -8.1% |
Housing Supply in The Racquet Club, AZ
How many homes are available in The Racquet Club, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Summary: The The Racquet Club real estate market had 15 homes for sale in April 2024, a 36.4% 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 | 11 | 14 | +27.3% |
3 Bedrooms | 0 | 1 | +100.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Racquet Club 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 27.3%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in The Racquet Club in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for The Racquet Club, AZ
How long does it take to sell a home in The Racquet Club, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
90 Days | 49 Days | -45.6% |
Summary: Homes in The Racquet Club had an average of 49 days on market in Apr 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in The Racquet Club; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.