Is 85022, 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, 85022 has remained a Seller's Market.
Housing Prices in 85022, AZ
How much do homes in 85022, AZ cost?
Median Sold Price
$460,266
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85022 was $460,266 in March 2024, up 5.3% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.6K | $220K | -4.2% |
2 Bedrooms | $328.5K | $320K | -2.6% |
3 Bedrooms | $460K | $484K | +5.2% |
4 Bedrooms | $600K | $615K | +2.5% |
5+ Bedrooms | $890K | $840K | -5.6% |
Summary: 85022 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in 85022, AZ
How many homes are available in 85022, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
186 | 196 | +5.4% |
Summary: The 85022 real estate market had 196 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 42 | 46 | +9.5% |
3 Bedrooms | 77 | 79 | +2.6% |
4 Bedrooms | 49 | 55 | +12.2% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 85022 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 56 | +24.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in 85022 in March 2024, up by 24.4% month-over-month. Of the 56 sold homes, 41% were sold under asking, 29% were sold at asking, and 30% were sold over asking.
Days on Market for 85022, AZ
How long does it take to sell a home in 85022, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 55 Days | -5.9% |
Summary: Homes in 85022 had an average of 55 days on market in Mar 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 56 homes were sold in 85022; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.