Is Cottonwood 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, Cottonwood Ranch has remained a Buyer's Market.
Housing Prices in Cottonwood Ranch, AZ
How much do homes in Cottonwood Ranch, AZ cost?
Median Sold Price
$344,995
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cottonwood Ranch was $344,995 in April 2024, down 3.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $340K | $335K | -1.5% |
4 Bedrooms | $361.7K | $345K | -4.6% |
5+ Bedrooms | $399.9K | $370.9K | -7.3% |
Summary: Cottonwood 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 1.5%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 7.3%.
Housing Supply in Cottonwood Ranch, AZ
How many homes are available in Cottonwood Ranch, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 36 | +5.9% |
Summary: The Cottonwood Ranch real estate market had 36 homes for sale in April 2024, a 5.9% 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 | 16 | 21 | +31.3% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Cottonwood 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 31.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
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 Cottonwood Ranch in April 2024, the same as the previous 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 Cottonwood Ranch, AZ
How long does it take to sell a home in Cottonwood Ranch, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 98 Days | +198.0% |
Summary: Homes in Cottonwood Ranch had an average of 98 days on market in Apr 2024, up by 198% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Cottonwood Ranch; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.