Is Tartesso West, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tartesso West is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Tartesso West was a Seller's Market.

Key Takeaway

Tartesso West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tartesso West, AZ

How much do homes in Tartesso West, AZ cost?

Median Sold Price

$389,250

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$8,255(+2.2%)

Key Takeaway

Homes in Tartesso West have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Tartesso West was $389,250 in August 2024, up 2.2% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 $345K$350K
+1.4%
4 $387K$400K
+3.4%
5+ $451.5K$485K
+7.4%

Summary: Tartesso West housing prices by bedroom type for August 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 increased by 1.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 7.4%.

Housing Supply in Tartesso West, AZ

How many homes are available in Tartesso West, AZ?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
6764-4.5%

Summary: The Tartesso West real estate market had 64 homes for sale in August 2024, a 4.5% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1814
-22.2%
4 3842
+10.5%
5+ 118
-27.3%

Summary: The Tartesso West housing inventory by bedroom type for August 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 22.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 27.3%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
178-52.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tartesso West, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Tartesso West in August 2024, down by 52.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Tartesso West, AZ

How long does it take to sell a home in Tartesso West, AZ?

Average Sale Time

Aug 2023Aug 2024CHANGE
60 Days75 Days+24.8%

Summary: Homes in Tartesso West had an average of 75 days on market in Aug 2024, up by 24.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tartesso West has remained consistent over time.

Summary: During August 2024, 8 homes were sold in Tartesso West; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

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