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 buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Mission Royale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mission Royale, AZ

How much do homes in Mission Royale, AZ cost?

Median Sold Price

$335,845

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,895(+1.8%)

Key Takeaway

Homes in Mission Royale have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Mission Royale was $335,845 in October 2024, up 1.8% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $329.9K$340K
+3.0%
3 $312.2K$316.7K
+1.4%
4 $342.6K$344.6K
+0.6%
5+ $410.9K$409.9K
-0.2%

Summary: Mission Royale 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 increased by 3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 0.2%.

Housing Supply in Mission Royale, AZ

How many homes are available in Mission Royale, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6984+21.7%

Summary: The Mission Royale real estate market had 84 homes for sale in October 2024, a 21.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2736
+33.3%
3 2727
0.0%
4 1114
+27.3%
5+ 47
+75.0%

Summary: The Mission Royale 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were 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. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Mission Royale in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% 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

Oct 2023Oct 2024CHANGE
62 Days82 Days+33.4%

Summary: Homes in Mission Royale had an average of 82 days on market in Oct 2024, up by 33.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 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 Mission Royale has remained consistent over time.

Summary: During October 2024, 11 homes were sold in Mission Royale; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% 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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