Is Dobson Ranch, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dobson Ranch has remained a Seller's Market.
Key Takeaway
Dobson Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dobson Ranch, AZ
How much do homes in Dobson Ranch, AZ cost?
Median Sold Price
$443,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dobson Ranch have sold for 3% more than they did a year ago.
Summary: The median home sold price in Dobson Ranch was $443,000 in May 2024, up 3% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.4K | $227.5K | +2.2% |
| 2 Bedrooms | $289.2K | $286K | -1.1% |
| 3 Bedrooms | $439K | $479.2K | +9.2% |
| 4 Bedrooms | $550K | $575K | +4.5% |
| 5+ Bedrooms | $620K | $550K | -11.3% |
Summary: Dobson Ranch housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Dobson Ranch | $430K | $443K | +3.0% |
| Dobson Manor | $475K | $489.4K | +3.0% |
Housing Supply in Dobson Ranch, AZ
How many homes are available in Dobson Ranch, AZ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 71 | 65 | -8.5% |
Summary: The Dobson Ranch real estate market had 65 homes for sale in May 2024, a 8.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 20 | 25 | +25.0% |
| 3 Bedrooms | 25 | 19 | -24.0% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Dobson Ranch housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 24%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dobson Ranch, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in Dobson Ranch in May 2024, the same as the previous month. Of the 21 sold homes, 38% were sold under asking, 43% were sold at asking, and 19% were sold over asking.
Days on Market for Dobson Ranch, AZ
How long does it take to sell a home in Dobson Ranch, AZ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 49 Days | -21.0% |
Summary: Homes in Dobson Ranch had an average of 49 days on market in May 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dobson Ranch are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Dobson Ranch; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.