$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 November 2023
At the same time last year, 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
$790,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,800(-1.2%)
Key Takeaway
Homes in Sossaman Estates have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Sossaman Estates was $790,000 in November 2024, down 1.2% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $830.7K | $779K | -6.2% |
| 4 Bedrooms | $702.5K | $775K | +10.3% |
| 5+ Bedrooms | $840K | $915K | +8.9% |
Summary: Sossaman Estates 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 6.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Trilogy at Power Ranch | $515K | $533.5K | +3.6% |
| Sossaman Estates | $799.8K | $790K | -1.2% |
Housing Supply in Sossaman Estates, AZ
How many homes are available in Sossaman Estates, AZ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Summary: The Sossaman Estates real estate market had 25 homes for sale in November 2024, a 21.9% decrease 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 18 | 11 | -38.9% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Sossaman Estates 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 increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 38.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 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 Sossaman Estates, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Sossaman Estates in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 70 Days | +368.0% |
Summary: Homes in Sossaman Estates had an average of 70 days on market in Nov 2024, up by 368% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 Sossaman Estates has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Sossaman Estates; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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.