Is 85018, 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, 85018 has remained a Seller's Market.
Housing Prices in 85018, AZ
How much do homes in 85018, AZ cost?
Median Sold Price
$1,042,125
$473/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85018 was $1,042,125 in March 2024, up 20% from last year, and the median price per square foot was $473.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $269K | +3.5% |
2 Bedrooms | $352K | $372.5K | +5.8% |
3 Bedrooms | $768.1K | $782.5K | +1.9% |
4 Bedrooms | $1.3M | $1.5M | +14.6% |
5+ Bedrooms | $2.3M | $2.6M | +10.8% |
Summary: 85018 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 5.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 10.8%.
Housing Supply in 85018, AZ
How many homes are available in 85018, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
273 | 307 | +12.5% |
Summary: The 85018 real estate market had 307 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 13 | +8.3% |
2 Bedrooms | 44 | 58 | +31.8% |
3 Bedrooms | 64 | 80 | +25.0% |
4 Bedrooms | 92 | 98 | +6.5% |
5+ Bedrooms | 61 | 58 | -4.9% |
Summary: The 85018 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 4.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 61 | +22.0% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in 85018 in March 2024, up by 22.0% month-over-month. Of the 61 sold homes, 64% were sold under asking, 26% were sold at asking, and 10% were sold over asking.
Days on Market for 85018, AZ
How long does it take to sell a home in 85018, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 53 Days | -29.8% |
Summary: Homes in 85018 had an average of 53 days on market in Mar 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 61 homes were sold in 85018; 46% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.