$6,531 Closing Credit*
$550,000
2,051 SqFt
2 Beds
•2 Baths
Angel Ung, Listing Office: HomeSmart
Is Sossaman Estates, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Sossaman Estates was a Buyer's Market.
Key Takeaway
Sossaman Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sossaman Estates, AZ
How much do homes in Sossaman Estates, AZ cost?
Median Sold Price
$816,686
$249/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$41,686(+5.4%)
Key Takeaway
Homes in Sossaman Estates have sold for 5.4% more than they did a month ago.
Summary: The median home sold price in Sossaman Estates was $816,686 in October 2024, up 5.4% from last month, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $850.9K | N/A |
| 4 Bedrooms | $732.5K | $673K | -8.1% |
| 5+ Bedrooms | $1.1M | $988.6K | -14.0% |
Summary: Sossaman Estates housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 14%.
Housing Supply in Sossaman Estates, AZ
How many homes are available in Sossaman Estates, AZ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Sossaman Estates real estate market had 30 homes for sale in October 2024, a 15.4% 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 | 3 | 5 | +66.7% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Sossaman Estates 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 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sossaman Estates, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Sossaman Estates in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Sossaman Estates, AZ
How long does it take to sell a home in Sossaman Estates, AZ?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 100 Days | +111.9% |
Summary: Homes in Sossaman Estates had an average of 100 days on market in Oct 2024, up by 111.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sossaman Estates are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Sossaman Estates; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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.