Is Tatum Ranch, 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, Tatum Ranch has remained a Seller's Market.
Housing Prices in Tatum Ranch, AZ
How much do homes in Tatum Ranch, AZ cost?
Median Sold Price
$630,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tatum Ranch was $630,000 in April 2024, up 2.4% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $277.5K | $275.7K | -0.6% |
2 Bedrooms | $512.5K | $543.4K | +6.0% |
3 Bedrooms | $589K | $615K | +4.4% |
4 Bedrooms | $730K | $705K | -3.4% |
5+ Bedrooms | $830K | $828.7K | -0.2% |
Summary: Tatum Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Neighborhoods
Desert View | $698.6K | $716.2K | +2.5% |
Tatum Ranch | $615K | $630K | +2.4% |
Housing Supply in Tatum Ranch, AZ
How many homes are available in Tatum Ranch, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 48 | +11.6% |
Summary: The Tatum Ranch real estate market had 48 homes for sale in April 2024, a 11.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Tatum Ranch 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 increased by 50%, 3 bedroom homes increased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Tatum Ranch in April 2024, down by 9.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 48 Days | +146.2% |
Summary: Homes in Tatum Ranch had an average of 48 days on market in Apr 2024, up by 146.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Tatum Ranch; 20% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.