Is Rancho Gabriela, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rancho Gabriela is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Rancho Gabriela was a Buyer's Market.

Key Takeaway

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

Housing Prices in Rancho Gabriela, AZ

How much do homes in Rancho Gabriela, AZ cost?

Median Sold Price

$430,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,000(+3.1%)

Key Takeaway

Homes in Rancho Gabriela have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Rancho Gabriela was $430,000 in November 2024, up 3.1% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $395K$370K
-6.3%
3 $403K$400K
-0.7%
4 $422.5K$450K
+6.5%
5+ $480K$524.9K
+9.4%

Summary: Rancho Gabriela 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 decreased by 6.3%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Neighborhoods

Marley Park
+5.6%
Rancho Gabriela
+3.1%

Housing Supply in Rancho Gabriela, AZ

How many homes are available in Rancho Gabriela, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3028-6.7%

Summary: The Rancho Gabriela real estate market had 28 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1010
0.0%
4 119
-18.2%
5+ 99
0.0%

Summary: The Rancho Gabriela 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 remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

4 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 Rancho Gabriela, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Rancho Gabriela in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Rancho Gabriela, AZ

How long does it take to sell a home in Rancho Gabriela, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days56 Days+23.6%

Summary: Homes in Rancho Gabriela had an average of 56 days on market in Nov 2024, up by 23.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rancho Gabriela has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Rancho Gabriela; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% 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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