Is 85050, 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, 85050 has remained a Seller's Market.
Housing Prices in 85050, AZ
How much do homes in 85050, AZ cost?
Median Sold Price
$636,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85050 was $636,000 in May 2024, up 14.6% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $449K | $430K | -4.2% |
3 Bedrooms | $525.5K | $574K | +9.2% |
4 Bedrooms | $724.9K | $845.8K | +16.7% |
5+ Bedrooms | $1.0M | $1.1M | +9.1% |
Summary: 85050 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in 85050, AZ
How many homes are available in 85050, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 145 | +9.8% |
Summary: The 85050 real estate market had 145 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 16 | +45.5% |
3 Bedrooms | 55 | 53 | -3.6% |
4 Bedrooms | 46 | 51 | +10.9% |
5+ Bedrooms | 20 | 25 | +25.0% |
Summary: The 85050 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 45.5%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 45 | +87.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in 85050 in May 2024, up by 87.5% month-over-month. Of the 45 sold homes, 71% were sold under asking, 11% were sold at asking, and 18% were sold over asking.
Days on Market for 85050, AZ
How long does it take to sell a home in 85050, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 40 Days | -13.9% |
Summary: Homes in 85050 had an average of 40 days on market in May 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 45 homes were sold in 85050; 40% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.