Is 85308, 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, 85308 has remained a Seller's Market.
Housing Prices in 85308, AZ
How much do homes in 85308, AZ cost?
Median Sold Price
$485,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85308 was $485,000 in April 2024, down 1% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $295K | -7.8% |
2 Bedrooms | $349K | $351K | +0.6% |
3 Bedrooms | $450K | $439.2K | -2.4% |
4 Bedrooms | $569.9K | $575K | +0.9% |
5+ Bedrooms | $705K | $711K | +0.9% |
Summary: 85308 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 85308, AZ
How many homes are available in 85308, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
226 | 242 | +7.1% |
Summary: The 85308 real estate market had 242 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 105 | 122 | +16.2% |
4 Bedrooms | 80 | 78 | -2.5% |
5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The 85308 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 75 | +15.4% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in 85308 in April 2024, up by 15.4% month-over-month. Of the 75 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.
Days on Market for 85308, AZ
How long does it take to sell a home in 85308, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 50 Days | -13.5% |
Summary: Homes in 85308 had an average of 50 days on market in Apr 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 75 homes were sold in 85308; 51% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.