Is McCormick 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, McCormick Ranch has remained a Seller's Market.
Housing Prices in McCormick Ranch, AZ
How much do homes in McCormick Ranch, AZ cost?
Median Sold Price
$838,333
$418/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McCormick Ranch was $838,333 in April 2024, up 3.2% from last year, and the median price per square foot was $418.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $302K | +4.1% |
2 Bedrooms | $537.5K | $640K | +19.1% |
3 Bedrooms | $807.5K | $850K | +5.3% |
4 Bedrooms | $1.2M | $1.2M | -1.2% |
5+ Bedrooms | $1.5M | $1.7M | +10.4% |
Summary: McCormick Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Neighborhoods
McCormick Ranch | $812.5K | $838.3K | +3.2% |
Heritage Village | $763.7K | $759.9K | -0.5% |
Housing Supply in McCormick Ranch, AZ
How many homes are available in McCormick Ranch, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
152 | 164 | +7.9% |
Summary: The McCormick Ranch real estate market had 164 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 47 | 48 | +2.1% |
3 Bedrooms | 66 | 77 | +16.7% |
4 Bedrooms | 31 | 28 | -9.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The McCormick Ranch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 43 | +59.3% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 43 homes were sold or pending in McCormick Ranch in April 2024, up by 59.3% month-over-month. Of the 43 sold homes, 79% were sold under asking, 19% were sold at asking, and 2% were sold over asking.
Days on Market for McCormick Ranch, AZ
How long does it take to sell a home in McCormick Ranch, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 63 Days | +9.3% |
Summary: Homes in McCormick Ranch had an average of 63 days on market in Apr 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 43 homes were sold in McCormick Ranch; 33% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.