Is Ventana Lakes, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ventana Lakes is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Ventana Lakes has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Ventana Lakes, AZ

How much do homes in Ventana Lakes, AZ cost?

Median Sold Price

$389,000

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+2.6%)

Key Takeaway

Homes in Ventana Lakes have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Ventana Lakes was $389,000 in October 2024, up 2.6% from last year, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $355.5K$356.7K
0.4%
3 $400K$396.4K
-0.9%
4 $600K$499.9K
-16.7%
5+ --
N/A

Summary: Ventana Lakes 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 0.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes did not change.

Housing Supply in Ventana Lakes, AZ

How many homes are available in Ventana Lakes, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3332-3.0%

Summary: The Ventana Lakes real estate market had 32 homes for sale in October 2024, a 3.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1414
0.0%
3 1917
-10.5%
4 01
+100.0%
5+ 00
0.0%

Summary: The Ventana Lakes 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 decreased by 10.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ventana Lakes, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Ventana Lakes in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for Ventana Lakes, AZ

How long does it take to sell a home in Ventana Lakes, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days39 Days-30.9%

Summary: Homes in Ventana Lakes had an average of 39 days on market in Oct 2024, down by 30.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ventana Lakes has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Ventana Lakes; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

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