Is 85006, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 85006 was a Seller's Market.
Housing Prices in 85006, AZ
How much do homes in 85006, AZ cost?
Median Sold Price
$450,000
$362/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in 85006 was $450,000 in April 2024, the same as last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $309.9K | $314.5K | +1.5% |
2 Bedrooms | $429.9K | $392.5K | -8.7% |
3 Bedrooms | $466.5K | $479.9K | +2.9% |
4 Bedrooms | $490K | $540K | +10.2% |
5+ Bedrooms | $680K | $600K | -11.8% |
Summary: 85006 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 11.8%.
Housing Supply in 85006, AZ
How many homes are available in 85006, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 66 | +13.8% |
Summary: The 85006 real estate market had 66 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 29 | 34 | +17.2% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 85006 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 9 | -35.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 85006 in April 2024, down by 35.7% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for 85006, AZ
How long does it take to sell a home in 85006, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 50 Days | -32.7% |
Summary: Homes in 85006 had an average of 50 days on market in Apr 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in 85006; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.