Is 85266, 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, 85266 has remained a Seller's Market.
Housing Prices in 85266, AZ
How much do homes in 85266, AZ cost?
Median Sold Price
$1,250,000
$450/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85266 was $1,250,000 in May 2024, up 4.6% from last year, and the median price per square foot was $450.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $252.5K | N/A |
2 Bedrooms | $860K | $840K | -2.3% |
3 Bedrooms | $1.1M | $1.1M | +6.7% |
4 Bedrooms | $1.3M | $1.7M | +28.1% |
5+ Bedrooms | $1.8M | $2.1M | +19.4% |
Summary: 85266 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 2.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 19.4%.
Housing Supply in 85266, AZ
How many homes are available in 85266, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
228 | 208 | -8.8% |
Summary: The 85266 real estate market had 208 homes for sale in May 2024, a 8.8% decrease 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 | 21 | 23 | +9.5% |
3 Bedrooms | 89 | 74 | -16.9% |
4 Bedrooms | 75 | 71 | -5.3% |
5+ Bedrooms | 43 | 40 | -7.0% |
Summary: The 85266 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 9.5%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 38 | -13.6% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 85266 in May 2024, down by 13.6% month-over-month. Of the 38 sold homes, 82% were sold under asking, 8% were sold at asking, and 11% were sold over asking.
Days on Market for 85266, AZ
How long does it take to sell a home in 85266, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 91 Days | +62.6% |
Summary: Homes in 85266 had an average of 91 days on market in May 2024, up by 62.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in 85266; 18% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.