$7,422 Closing Credit*
$625,000
1,832 SqFt
3 Beds
•2 Baths
Patricia Simpson, Robert Lee Snyder, Listing Office: Citiea
Is Tatum Ranch, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Tatum Ranch was a Buyer's Market.
Key Takeaway
Tatum Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tatum Ranch, AZ
How much do homes in Tatum Ranch, AZ cost?
Median Sold Price
$634,950
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,950(+2.6%)
Key Takeaway
Homes in Tatum Ranch have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Tatum Ranch was $634,950 in October 2024, up 2.6% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $274.9K | $272K | -1.1% |
| 2 Bedrooms | $515K | $445.5K | -13.5% |
| 3 Bedrooms | $580K | $600K | +3.4% |
| 4 Bedrooms | $705K | $712.5K | +1.1% |
| 5+ Bedrooms | $828.7K | $880K | +6.2% |
Summary: Tatum Ranch housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Desert View | $694.4K | $725K | +4.4% |
| Tatum Ranch | $619K | $634.9K | +2.6% |
Housing Supply in Tatum Ranch, AZ
How many homes are available in Tatum Ranch, AZ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 61 | -3.2% |
Summary: The Tatum Ranch real estate market had 61 homes for sale in October 2024, a 3.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Tatum 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 decreased by 20%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tatum Ranch, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Tatum Ranch in October 2024, up by 60.0% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.
Days on Market for Tatum Ranch, AZ
How long does it take to sell a home in Tatum Ranch, AZ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 79 Days | +123.6% |
Summary: Homes in Tatum Ranch had an average of 79 days on market in Oct 2024, up by 123.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tatum Ranch has remained consistent over time.
Summary: During October 2024, 16 homes were sold in Tatum Ranch; 19% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 38% 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.