Home Values

Red Mountain Ranch Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$313,000

  • -3.0% 1-year change
  • 0.6% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Cold

Buyers' Market
Sellers' Market

The median home value in Red Mountain Ranch is $313,000. Red Mountain Ranch home values have declined -3.0% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in Red Mountain Ranch is $146, which is higher than the Mesa average of $119. The median price of homes currently listed in Red Mountain Ranch is $329,800 while the median price of homes that sold is $260,000. The median rent price in Red Mountain Ranch is $1,600, which is higher than the Mesa median of $1,050.

Foreclosures will be a factor impacting home values in the next several years. In Red Mountain Ranch 3.9 homes are foreclosed (per 10,000). This is lower than the Mesa value of 4.7 and also lower than the national value of 4.5

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Relative ZHVI
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Red Mountain Ranch Market Overview

Data through Oct 31, 2014
  • $313,000 ZHVI
  • 0.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $329,800 Median listing price
  • $260,000 Median sale price
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Red Mountain Ranch Market Health

Data through Oct 31, 2014
  • 3.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

3.9 homes(Jan 31, 2014) Red Mountain Ranch
4.7 homes Mesa
4.5 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Estate Groves and Valencia Estates $644,300
Desert Uplands $445,600
Las Sendas $389,700
Name Median ZHVI
Ridgeview $238,100
Summit $228,600
Alta Mesa $216,500
Name Median ZHVI
Apache Wells $211,500
 
 

Listings & Sales

Data through Oct 31, 2014
  • $146 Median list price / sq ft
  • $134 Median sale price / sq ft
  • 47.5% Listings with price cut
13.3%
Sold below listing
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Red Mountain Ranch Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,706 Red Mountain Ranch
    $1,195 Mesa
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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