Is Trilogy at Power 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, Trilogy at Power Ranch has remained a Seller's Market.
Housing Prices in Trilogy at Power Ranch, AZ
How much do homes in Trilogy at Power Ranch, AZ cost?
Median Sold Price
$530,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Trilogy at Power Ranch was $530,000 in May 2024, down 2.8% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $500K | $510K | +2.0% |
3 Bedrooms | $640K | $545K | -14.8% |
4 Bedrooms | $675K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Trilogy at Power Ranch housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Power Ranch | $515K | $526K | +2.1% |
Sossaman Estates | $815K | $814K | -0.1% |
Trilogy at Power Ranch | $545K | $530K | -2.8% |
Meadowbrook | $569.5K | $515K | -9.6% |
Housing Supply in Trilogy at Power Ranch, AZ
How many homes are available in Trilogy at Power Ranch, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 31 | -11.4% |
Summary: The Trilogy at Power Ranch real estate market had 31 homes for sale in May 2024, a 11.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 27 | 26 | -3.7% |
3 Bedrooms | 8 | 5 | -37.5% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Trilogy at Power Ranch housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Trilogy at Power Ranch in May 2024, down by 15.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Trilogy at Power Ranch, AZ
How long does it take to sell a home in Trilogy at Power Ranch, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 35 Days | -5.3% |
Summary: Homes in Trilogy at Power Ranch had an average of 35 days on market in May 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Trilogy at Power Ranch; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.