Is 85007, 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, 85007 has remained a Seller's Market.
Housing Prices in 85007, AZ
How much do homes in 85007, AZ cost?
Median Sold Price
$546,750
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85007 was $546,750 in April 2024, up 12.8% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $342.8K | $257.4K | -24.9% |
2 Bedrooms | $381.5K | $475K | +24.5% |
3 Bedrooms | $525K | $595K | +13.3% |
4 Bedrooms | $640.5K | $760K | +18.7% |
5+ Bedrooms | $1.1M | $1.7M | +54.6% |
Summary: 85007 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.9%, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 54.6%.
Housing Supply in 85007, AZ
How many homes are available in 85007, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 32 | -8.6% |
Summary: The 85007 real estate market had 32 homes for sale in April 2024, a 8.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 85007 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 18.2%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 85007 in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 85007, AZ
How long does it take to sell a home in 85007, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 60 Days | -8.5% |
Summary: Homes in 85007 had an average of 60 days on market in Apr 2024, down by 8.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in 85007; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.