Is 85044, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 85044 has remained a Seller's Market.
Housing Prices in 85044, AZ
How much do homes in 85044, AZ cost?
Median Sold Price
$474,966
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85044 was $474,966 in May 2024, up 5.6% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $237.5K | +5.6% |
2 Bedrooms | $375K | $363K | -3.2% |
3 Bedrooms | $465K | $479.5K | +3.1% |
4 Bedrooms | $580K | $580K | 0.0% |
5+ Bedrooms | $934.3K | $875K | -6.4% |
Summary: 85044 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.4%.
Housing Supply in 85044, AZ
How many homes are available in 85044, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
148 | 148 | 0.0% |
Summary: The 85044 real estate market had 148 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 47 | 46 | -2.1% |
3 Bedrooms | 55 | 49 | -10.9% |
4 Bedrooms | 33 | 38 | +15.2% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The 85044 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 41 | -22.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 85044 in May 2024, down by 22.6% month-over-month. Of the 41 sold homes, 49% were sold under asking, 24% were sold at asking, and 27% were sold over asking.
Days on Market for 85044, AZ
How long does it take to sell a home in 85044, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 63 Days | +24.3% |
Summary: Homes in 85044 had an average of 63 days on market in May 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in 85044; 51% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.