Is Greer Ranch, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greer Ranch is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Greer Ranch has remained a Seller's Market.

Key Takeaway

Greer Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Greer Ranch, AZ

How much do homes in Greer Ranch, AZ cost?

Median Sold Price

$500,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,000(+5.5%)

Key Takeaway

Homes in Greer Ranch have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Greer Ranch was $500,000 in November 2024, up 5.5% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $422.5K$460K
+8.9%
4 $508K$537K
+5.7%
5+ $522.4K$585K
+12.0%

Summary: Greer Ranch housing prices by bedroom type for November 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 increased by 8.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 12%.

Median Sold Price Compared To Nearby Neighborhoods

Marley Park
+5.6%
Greer Ranch
+5.5%
Rancho Gabriela
+3.1%
Greer Ranch South
+1.3%

Housing Supply in Greer Ranch, AZ

How many homes are available in Greer Ranch, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2521-16.0%

Summary: The Greer Ranch real estate market had 21 homes for sale in November 2024, a 16.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 84
-50.0%
4 1111
0.0%
5+ 66
0.0%

Summary: The Greer Ranch housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greer Ranch, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Greer Ranch in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Greer Ranch, AZ

How long does it take to sell a home in Greer Ranch, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
92 Days34 Days-62.9%

Summary: Homes in Greer Ranch had an average of 34 days on market in Nov 2024, down by 62.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greer Ranch are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Greer Ranch; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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