Is 85015, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 85015 has remained a Seller's Market.
Housing Prices in 85015, AZ
How much do homes in 85015, AZ cost?
Median Sold Price
$350,075
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 85015 was $350,075 in February 2024, down 1.4% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $168.5K | -0.9% |
2 Bedrooms | $285K | $236.5K | -17.0% |
3 Bedrooms | $380K | $364K | -4.2% |
4 Bedrooms | $425K | $445K | +4.7% |
5+ Bedrooms | $515K | $470K | -8.7% |
Summary: 85015 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes decreased by 17%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 8.7%.
Housing Supply in 85015, AZ
How many homes are available in 85015, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
91 | 107 | +17.6% |
Summary: The 85015 real estate market had 107 homes for sale in February 2024, a 17.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 25 | 29 | +16.0% |
3 Bedrooms | 42 | 49 | +16.7% |
4 Bedrooms | 18 | 22 | +22.2% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 85015 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 25 | +66.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 85015 in February 2024, up by 66.7% month-over-month. Of the 25 sold homes, 48% were sold under asking, 32% were sold at asking, and 20% were sold over asking.
Days on Market for 85015, AZ
How long does it take to sell a home in 85015, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
48 Days | 57 Days | +20.0% |
Summary: Homes in 85015 had an average of 57 days on market in Feb 2024, up by 20% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 25 homes were sold in 85015; 40% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.