Is 85018, 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, 85018 has remained a Seller's Market.
Housing Prices in 85018, AZ
How much do homes in 85018, AZ cost?
Median Sold Price
$1,078,300
$479/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85018 was $1,078,300 in April 2024, up 27.4% from last year, and the median price per square foot was $479.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $256.5K | $269K | +4.9% |
2 Bedrooms | $351K | $375K | +6.8% |
3 Bedrooms | $765K | $793.8K | +3.8% |
4 Bedrooms | $1.3M | $1.6M | +21.8% |
5+ Bedrooms | $2.3M | $2.6M | +16.1% |
Summary: 85018 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 16.1%.
Housing Supply in 85018, AZ
How many homes are available in 85018, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
290 | 299 | +3.1% |
Summary: The 85018 real estate market had 299 homes for sale in April 2024, a 3.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 13 | 0.0% |
2 Bedrooms | 57 | 55 | -3.5% |
3 Bedrooms | 73 | 79 | +8.2% |
4 Bedrooms | 97 | 98 | +1.0% |
5+ Bedrooms | 50 | 54 | +8.0% |
Summary: The 85018 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 decreased by 3.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 53 | -13.1% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in 85018 in April 2024, down by 13.1% month-over-month. Of the 53 sold homes, 85% were sold under asking, 6% were sold at asking, and 9% were sold over asking.
Days on Market for 85018, AZ
How long does it take to sell a home in 85018, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 79 Days | +13.2% |
Summary: Homes in 85018 had an average of 79 days on market in Apr 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 53 homes were sold in 85018; 36% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.