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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnson Ranch is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Johnson Ranch, AZ

How much do homes in Johnson Ranch, AZ cost?

Median Sold Price

$389,000

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,558(+2.0%)

Key Takeaway

Homes in Johnson Ranch have sold for 2% more than they did a year ago.

Summary: The median home sold price in Johnson Ranch was $389,000 in October 2024, up 2% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $399.9K$386.2K
-3.4%
3 $355K$370K
+4.2%
4 $405K$410K
+1.2%
5+ $458K$465K
+1.5%

Summary: Johnson Ranch housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 1.5%.

Housing Supply in Johnson Ranch, AZ

How many homes are available in Johnson Ranch, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
103112+8.7%

Summary: The Johnson Ranch real estate market had 112 homes for sale in October 2024, a 8.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1617
+6.3%
3 5157
+11.8%
4 2427
+12.5%
5+ 1211
-8.3%

Summary: The Johnson Ranch housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2223+4.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnson Ranch, expect to pay close to the asking price. 43.5% of homes here sold near the asking price last month.

Summary: A total of 23 homes were sold or pending in Johnson Ranch in October 2024, up by 4.5% month-over-month. Of the 23 sold homes, 39% were sold under asking, 43% were sold at asking, and 17% were sold over asking.

Days on Market for Johnson Ranch, AZ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
63 Days53 Days-15.3%

Summary: Homes in Johnson Ranch had an average of 53 days on market in Oct 2024, down by 15.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Johnson Ranch has remained consistent over time.

Summary: During October 2024, 23 homes were sold in Johnson Ranch; 39% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 17% 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 17 Days Ago

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