Is Reata Pass, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Reata Pass has remained a Seller's Market.
Housing Prices in Reata Pass, AZ
How much do homes in Reata Pass, AZ cost?
Median Sold Price
$2,850,000
$647/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Reata Pass was $2,850,000 in April 2024, up 3.6% from last year, and the median price per square foot was $647.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.5M | $1.6M | +8.3% |
3 Bedrooms | $2.2M | $2.6M | +19.1% |
4 Bedrooms | $3.1M | $2.8M | -11.8% |
5+ Bedrooms | $3.4M | $3.2M | -5.1% |
Summary: Reata Pass housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 19.1%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Neighborhoods
Reata Pass | $2.7M | $2.8M | +3.6% |
Estancia | $4.0M | $3.4M | -14.1% |
Housing Supply in Reata Pass, AZ
How many homes are available in Reata Pass, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 41 | -2.4% |
Summary: The Reata Pass real estate market had 41 homes for sale in April 2024, a 2.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Reata Pass housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Reata Pass in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Reata Pass, AZ
How long does it take to sell a home in Reata Pass, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 129 Days | +98.1% |
Summary: Homes in Reata Pass had an average of 129 days on market in Apr 2024, up by 98.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Reata Pass; 11% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.