Is 85017, 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, 85017 has remained a Seller's Market.
Housing Prices in 85017, AZ
How much do homes in 85017, AZ cost?
Median Sold Price
$335,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85017 was $335,000 in March 2024, up 6.3% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | $86K | +3.5% |
2 Bedrooms | $200K | $202.5K | +1.3% |
3 Bedrooms | $318K | $337.5K | +6.1% |
4 Bedrooms | $350K | $365K | +4.3% |
5+ Bedrooms | $365K | $409.9K | +12.3% |
Summary: 85017 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 12.3%.
Housing Supply in 85017, AZ
How many homes are available in 85017, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 56 | +3.7% |
Summary: The 85017 real estate market had 56 homes for sale in March 2024, a 3.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 29 | 25 | -13.8% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 85017 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 85017 in March 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for 85017, AZ
How long does it take to sell a home in 85017, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 55 Days | +5.7% |
Summary: Homes in 85017 had an average of 55 days on market in Mar 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 85017; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.