Is 85012, 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, 85012 was a Seller's Market.
Housing Prices in 85012, AZ
How much do homes in 85012, AZ cost?
Median Sold Price
$515,000
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85012 was $515,000 in March 2024, up 12.3% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $206.9K | -23.4% |
2 Bedrooms | $430K | $430K | 0.0% |
3 Bedrooms | $800K | $737.5K | -7.8% |
4 Bedrooms | $1.0M | $1.1M | +8.2% |
5+ Bedrooms | $1.5M | $1.8M | +21.5% |
Summary: 85012 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 21.5%.
Housing Supply in 85012, AZ
How many homes are available in 85012, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 92 | +17.9% |
Summary: The 85012 real estate market had 92 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 25 | +25.0% |
2 Bedrooms | 36 | 38 | +5.6% |
3 Bedrooms | 8 | 15 | +87.5% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 85012 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 87.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 85012 in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for 85012, AZ
How long does it take to sell a home in 85012, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 112 Days | +141.6% |
Summary: Homes in 85012 had an average of 112 days on market in Mar 2024, up by 141.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 85012; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.