Is 85338, 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, 85338 has remained a Seller's Market.
Housing Prices in 85338, AZ
How much do homes in 85338, AZ cost?
Median Sold Price
$452,348
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85338 was $452,348 in April 2024, down 4.8% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $455K | $415K | -8.8% |
3 Bedrooms | $448.2K | $428.1K | -4.5% |
4 Bedrooms | $490K | $470K | -4.1% |
5+ Bedrooms | $581K | $585K | +0.7% |
Summary: 85338 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in 85338, AZ
How many homes are available in 85338, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
426 | 467 | +9.6% |
Summary: The 85338 real estate market had 467 homes for sale in April 2024, a 9.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 30 | 29 | -3.3% |
3 Bedrooms | 199 | 222 | +11.6% |
4 Bedrooms | 153 | 164 | +7.2% |
5+ Bedrooms | 44 | 52 | +18.2% |
Summary: The 85338 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 3.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 99 | +4.2% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 99 homes were sold or pending in 85338 in April 2024, up by 4.2% month-over-month. Of the 99 sold homes, 46% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for 85338, AZ
How long does it take to sell a home in 85338, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 71 Days | -9.2% |
Summary: Homes in 85338 had an average of 71 days on market in Apr 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During April 2024, 99 homes were sold in 85338; 27% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.