Is 85014, 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, 85014 has remained a Seller's Market.
Housing Prices in 85014, AZ
How much do homes in 85014, AZ cost?
Median Sold Price
$483,062
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85014 was $483,062 in April 2024, down 0.2% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $213.5K | $214K | 0.2% |
2 Bedrooms | $348K | $345K | -0.9% |
3 Bedrooms | $562.5K | $562.5K | 0.0% |
4 Bedrooms | $764.9K | $750K | -2.0% |
5+ Bedrooms | $877.1K | $1.1M | +25.4% |
Summary: 85014 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 25.4%.
Housing Supply in 85014, AZ
How many homes are available in 85014, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
124 | 131 | +5.6% |
Summary: The 85014 real estate market had 131 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 8 | -38.5% |
2 Bedrooms | 39 | 42 | +7.7% |
3 Bedrooms | 41 | 46 | +12.2% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 85014 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 38.5%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 27 | -6.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 85014 in April 2024, down by 6.9% month-over-month. Of the 27 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.
Days on Market for 85014, AZ
How long does it take to sell a home in 85014, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 64 Days | +69.5% |
Summary: Homes in 85014 had an average of 64 days on market in Apr 2024, up by 69.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in 85014; 26% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.