Is Toscana of Desert Ridge, 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, Toscana of Desert Ridge has remained a Seller's Market.
Housing Prices in Toscana of Desert Ridge, AZ
How much do homes in Toscana of Desert Ridge, AZ cost?
Median Sold Price
$440,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Toscana of Desert Ridge was $440,000 in March 2024, down 7.4% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340K | $324.5K | -4.6% |
2 Bedrooms | $500K | $465.9K | -6.8% |
3 Bedrooms | - | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Toscana of Desert Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Bella Monte at Desert Ridge | $623.7K | $682.5K | +9.4% |
Desert Ridge | $747K | $779.5K | +4.4% |
Desert View | $704.5K | $713.8K | +1.3% |
Toscana of Desert Ridge | $475K | $440K | -7.4% |
Housing Supply in Toscana of Desert Ridge, AZ
How many homes are available in Toscana of Desert Ridge, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Summary: The Toscana of Desert Ridge real estate market had 7 homes for sale in March 2024, a 40.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Toscana of Desert Ridge 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 increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Toscana of Desert Ridge in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Toscana of Desert Ridge, AZ
How long does it take to sell a home in Toscana of Desert Ridge, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 38 Days | +10.1% |
Summary: Homes in Toscana of Desert Ridge had an average of 38 days on market in Mar 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Toscana of Desert Ridge; 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.