Is 85021, 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, 85021 has remained a Seller's Market.
Housing Prices in 85021, AZ
How much do homes in 85021, AZ cost?
Median Sold Price
$490,000
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85021 was $490,000 in March 2024, up 9.3% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.3K | $165.2K | -1.2% |
2 Bedrooms | $275K | $290K | +5.5% |
3 Bedrooms | $431.2K | $433.5K | 0.5% |
4 Bedrooms | $752.5K | $875K | +16.3% |
5+ Bedrooms | $1.2M | $1.1M | -8.9% |
Summary: 85021 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 8.9%.
Housing Supply in 85021, AZ
How many homes are available in 85021, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
131 | 139 | +6.1% |
Summary: The 85021 real estate market had 139 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 20 | 27 | +35.0% |
3 Bedrooms | 47 | 51 | +8.5% |
4 Bedrooms | 52 | 48 | -7.7% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 85021 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 34 | +61.9% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 85021 in March 2024, up by 61.9% month-over-month. Of the 34 sold homes, 68% were sold under asking, 15% were sold at asking, and 18% were sold over asking.
Days on Market for 85021, AZ
How long does it take to sell a home in 85021, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 47 Days | -41.1% |
Summary: Homes in 85021 had an average of 47 days on market in Mar 2024, down by 41.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in 85021; 41% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.