Is 85009, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 85009 has remained a Seller's Market.
Housing Prices in 85009, AZ
How much do homes in 85009, AZ cost?
Median Sold Price
$315,000
$263/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in 85009 was $315,000 in March 2024, the same as last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.5K | $162K | -6.1% |
2 Bedrooms | $245K | $287.5K | +17.3% |
3 Bedrooms | $315K | $315K | 0.0% |
4 Bedrooms | $345K | $360K | +4.3% |
5+ Bedrooms | $384.5K | $470K | +22.2% |
Summary: 85009 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 17.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 22.2%.
Housing Supply in 85009, AZ
How many homes are available in 85009, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 71 | +1.4% |
Summary: The 85009 real estate market had 71 homes for sale in March 2024, a 1.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 38 | 41 | +7.9% |
4 Bedrooms | 14 | 10 | -28.6% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 85009 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 85009 in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 39% were sold under asking, 28% were sold at asking, and 33% were sold over asking.
Days on Market for 85009, AZ
How long does it take to sell a home in 85009, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 70 Days | -0.7% |
Summary: Homes in 85009 had an average of 70 days on market in Mar 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 85009; 33% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.