Is 85004, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 85004 was a Seller's Market.
Housing Prices in 85004, AZ
How much do homes in 85004, AZ cost?
Median Sold Price
$440,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85004 was $440,000 in March 2024, down 7.3% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $353K | $375K | +6.2% |
2 Bedrooms | $493.5K | $440K | -10.8% |
3 Bedrooms | $565K | $582.5K | +3.1% |
4 Bedrooms | $893.9K | $559K | -37.5% |
5+ Bedrooms | $1.7M | $2.2M | +29.4% |
Summary: 85004 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 29.4%.
Housing Supply in 85004, AZ
How many homes are available in 85004, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 50 | +13.6% |
Summary: The 85004 real estate market had 50 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 30 | 34 | +13.3% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 85004 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 85004 in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for 85004, AZ
How long does it take to sell a home in 85004, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 117 Days | +253.0% |
Summary: Homes in 85004 had an average of 117 days on market in Mar 2024, up by 253% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 85004; 0% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 71% of homes were sold over 90 days.