Is Mission Royale, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mission Royale is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Mission Royale was a Seller's Market.

Key Takeaway

Mission Royale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mission Royale, AZ

How much do homes in Mission Royale, AZ cost?

Median Sold Price

$341,890

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$14,745(+4.5%)

Key Takeaway

Homes in Mission Royale have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Mission Royale was $341,890 in December 2024, up 4.5% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $325K$340K
+4.6%
3 $310K$320.7K
+3.5%
4 $343.5K$341.8K
-0.5%
5+ $415K$409.9K
-1.2%

Summary: Mission Royale housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 1.2%.

Housing Supply in Mission Royale, AZ

How many homes are available in Mission Royale, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
9291-1.1%

Summary: The Mission Royale real estate market had 91 homes for sale in December 2024, a 1.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 4243
+2.4%
3 2725
-7.4%
4 1717
0.0%
5+ 66
0.0%

Summary: The Mission Royale housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mission Royale, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Mission Royale in December 2024, up by 40.0% month-over-month. Of the 14 sold homes, 86% were sold under asking, 7% were sold at asking, and 7% were sold over asking.

Days on Market for Mission Royale, AZ

How long does it take to sell a home in Mission Royale, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
53 Days81 Days+53.7%

Summary: Homes in Mission Royale had an average of 81 days on market in Dec 2024, up by 53.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mission Royale has remained consistent over time.

Summary: During December 2024, 14 homes were sold in Mission Royale; 7% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 21% 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 2 Days Ago

Newest Listings in Mission Royale, AZ

Nearby Markets to Mission Royale, AZ