Is 85383, 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, 85383 has remained a Seller's Market.
Housing Prices in 85383, AZ
How much do homes in 85383, AZ cost?
Median Sold Price
$663,237
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85383 was $663,237 in April 2024, up 0.6% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $655K | $641.2K | -2.1% |
3 Bedrooms | $586.2K | $590.3K | +0.7% |
4 Bedrooms | $651.1K | $679.4K | +4.3% |
5+ Bedrooms | $799.5K | $825K | +3.2% |
Summary: 85383 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 2.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 85383, AZ
How many homes are available in 85383, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
484 | 527 | +8.9% |
Summary: The 85383 real estate market had 527 homes for sale in April 2024, a 8.9% 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 | 75 | 73 | -2.7% |
3 Bedrooms | 140 | 165 | +17.9% |
4 Bedrooms | 186 | 193 | +3.8% |
5+ Bedrooms | 83 | 96 | +15.7% |
Summary: The 85383 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 2.7%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 15.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 113 | +37.8% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 113 homes were sold or pending in 85383 in April 2024, up by 37.8% month-over-month. Of the 113 sold homes, 66% were sold under asking, 23% were sold at asking, and 11% were sold over asking.
Days on Market for 85383, AZ
How long does it take to sell a home in 85383, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
76 Days | 54 Days | -29.2% |
Summary: Homes in 85383 had an average of 54 days on market in Apr 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 113 homes were sold in 85383; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.