$3,900,000
5,040 SqFt
5 Beds
•5 Baths
Chey Castro, Listing Office: eXp Realty
Is Reata Pass, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Reata Pass has remained a Buyer's Market.
Key Takeaway
Reata Pass is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Reata Pass, AZ
How much do homes in Reata Pass, AZ cost?
Median Sold Price
$3,000,000
$621/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$550,000(+22.4%)
Key Takeaway
Homes in Reata Pass have sold for 22.4% more than they did a year ago.
Summary: The median home sold price in Reata Pass was $3,000,000 in November 2024, up 22.4% from last year, and the median price per square foot was $621.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $1.6M | N/A |
| 3 Bedrooms | $2.3M | $2.1M | -5.0% |
| 4 Bedrooms | $2.6M | $3.1M | +19.2% |
| 5+ Bedrooms | $2.7M | $3.3M | +18.4% |
Summary: Reata Pass 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 did not change, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 18.4%.
Housing Supply in Reata Pass, AZ
How many homes are available in Reata Pass, AZ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Summary: The Reata Pass real estate market had 40 homes for sale in November 2024, a 2.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Reata Pass 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 18.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reata Pass, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Reata Pass in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Reata Pass, AZ
How long does it take to sell a home in Reata Pass, AZ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 81 Days | +190.5% |
Summary: Homes in Reata Pass had an average of 81 days on market in Nov 2024, up by 190.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Reata Pass are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Reata Pass; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.