Is Troon North, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Troon North is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Troon North has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Troon North, AZ

How much do homes in Troon North, AZ cost?

Median Sold Price

$1,050,000

$417/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$95,000(+9.9%)

Key Takeaway

Homes in Troon North have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Troon North was $1,050,000 in November 2024, up 9.9% from last year, and the median price per square foot was $417.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $639K$799K
+25.0%
3 $1.0M$1.0M
-3.1%
4 $1.4M$1.9M
+35.2%
5+ $3.4M$1.8M
-47.0%

Summary: Troon North 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 increased by 25%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes decreased by 47%.

Housing Supply in Troon North, AZ

How many homes are available in Troon North, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6159-3.3%

Summary: The Troon North real estate market had 59 homes for sale in November 2024, a 3.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 99
0.0%
3 2221
-4.5%
4 2020
0.0%
5+ 109
-10.0%

Summary: The Troon North 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 decreased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Troon North, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Troon North in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Troon North, AZ

How long does it take to sell a home in Troon North, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days77 Days+250.9%

Summary: Homes in Troon North had an average of 77 days on market in Nov 2024, up by 250.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Troon North has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Troon North; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 25 Days Ago

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