$7,422 Closing Credit*
$625,000
2,019 SqFt
4 Beds
•2 Baths
Paul B Fictum, Listing Office: CPA Advantage Realty, LLC
Is San Tan Ranch, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, San Tan Ranch has remained a Seller's Market.
Key Takeaway
San Tan Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Tan Ranch, AZ
How much do homes in San Tan Ranch, AZ cost?
Median Sold Price
$503,888
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,888(+1.8%)
Key Takeaway
Homes in San Tan Ranch have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in San Tan Ranch was $503,888 in October 2024, up 1.8% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $450K | $445K | -1.1% |
| 3 Bedrooms | $482K | $467.2K | -3.1% |
| 4 Bedrooms | $552.5K | $563.5K | +2.0% |
| 5+ Bedrooms | $625K | $675K | +8.0% |
Summary: San Tan Ranch 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 decreased by 1.1%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Neighborhoods
| San Tan Ranch | $495K | $503.8K | +1.8% |
| Power Ranch | $505K | $500K | -1.0% |
Housing Supply in San Tan Ranch, AZ
How many homes are available in San Tan Ranch, AZ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Summary: The San Tan Ranch real estate market had 23 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The San Tan Ranch 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 increased by 16.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in San Tan Ranch, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in San Tan Ranch in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for San Tan Ranch, AZ
How long does it take to sell a home in San Tan Ranch, AZ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 86 Days | +33.5% |
Summary: Homes in San Tan Ranch had an average of 86 days on market in Oct 2024, up by 33.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in San Tan Ranch has remained consistent over time.
Summary: During October 2024, 4 homes were sold in San Tan Ranch; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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.