Power Ranch Real Estate - Gilbert

Power Ranch All Property Types Market Highlights

As of Nov 9, 2025, the real estate market in Power Ranch reflects contrasting dynamics that are notable for both buyers and sellers.

• The number of active listings has decreased, resulting in just 25 available homes, down from 28 three months ago.
• This decline in inventory has led to an increase in the average price per square foot for active listings, which now sits at $249.
• Simultaneously, the average days on market (DOM) has remained stable at around 76 days, indicating consistent buyer interest.
• However, sold prices have seen a significant drop, with the most recent average at $483,000 compared to $630,545 just three months ago.

An In-Depth Look at the Power Ranch All Property Types Market

The current landscape of the Power Ranch real estate market presents a complex but telling picture. Most striking is the notable decrease in active listings, which now total 25, down from 28 three months prior. This trend historically suggests reduced options for potential buyers, yet interestingly, it hasn't exerted the pressure on home prices one might expect. Rather, the average price per square foot for active listings has edged higher to $249, compared to $247 three months ago. This rise in pricing among active listings may indicate an adjustment by sellers to capitalize on limited supply, reflecting their confidence in the market amidst the fluctuating conditions.

Furthermore, the average days on market (DOM) remain consistent at 76 days. This metric's steadiness implies that although there are fewer homes available, buyer activity has not dramatically increased to the point where homes are selling at a markedly faster pace. In fact, the sold price has significantly contracted by 23% from three months ago, now averaging $483,000, down from $630,545. Such a decline demonstrates a shift in buyer behavior and negotiation tactics, likely influenced by broader economic factors like interest rates and local market dynamics.

With current months of inventory sitting at just 1.6, this figure further complicates the interpretation of market conditions. Generally, a low month of inventory indicates a strong demand, yet with the current decline in sold prices versus rising active pricing dynamics, there may be a cooling effect as buyers adjust their expectations.

Overall, this juxtaposition of declining sold prices alongside reduced inventory indicates a shifting market that requires astute navigation by both buyers and sellers. Buyers might consider engaging more actively given the less competitive landscape compared to three months ago, while sellers should be cautious in their pricing strategies to avoid missing out on potential market opportunities despite rising price per square foot metrics.