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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Skyline Ranch is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Skyline Ranch was a Seller's Market.

Key Takeaway

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

Housing Prices in Skyline Ranch, AZ

How much do homes in Skyline Ranch, AZ cost?

Median Sold Price

$403,000

$223/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$46,750(+13.1%)

Key Takeaway

Homes in Skyline Ranch have sold for 13.1% more than they did a month ago.

Summary: The median home sold price in Skyline Ranch was $403,000 in October 2024, up 13.1% from last month, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $349.9K-
N/A
4 $347.5K$397K
+14.2%
5+ $515K$440K
-14.6%

Summary: Skyline Ranch housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 14.6%.

Median Sold Price Compared To Nearby Neighborhoods

Skyline Ranch
+13.1%
Morning Sun Farms
-3.9%

Housing Supply in Skyline Ranch, AZ

How many homes are available in Skyline Ranch, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
23230.0%

Summary: The Skyline Ranch real estate market had 23 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 88
0.0%
4 1011
+10.0%
5+ 54
-20.0%

Summary: The Skyline 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Skyline Ranch, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Skyline Ranch in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Skyline Ranch, AZ

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

Average Sale Time

Sep 2024Oct 2024CHANGE
69 Days19 Days-71.6%

Summary: Homes in Skyline Ranch had an average of 19 days on market in Oct 2024, down by 71.6% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Skyline Ranch; 100% of homes were sold within 30 days, 0% 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 17 Days Ago

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