Is 85024, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 85024 has remained a Seller's Market.
Housing Prices in 85024, AZ
How much do homes in 85024, AZ cost?
Median Sold Price
$499,875
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85024 was $499,875 in April 2024, down 2% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $229K | -2.6% |
2 Bedrooms | $385K | $387.5K | +0.6% |
3 Bedrooms | $480K | $465.5K | -3.0% |
4 Bedrooms | $585K | $653.5K | +11.7% |
5+ Bedrooms | $738.9K | $1.0M | +37.7% |
Summary: 85024 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 37.7%.
Housing Supply in 85024, AZ
How many homes are available in 85024, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
122 | 124 | +1.6% |
Summary: The 85024 real estate market had 124 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 11 | -26.7% |
3 Bedrooms | 61 | 61 | 0.0% |
4 Bedrooms | 35 | 39 | +11.4% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 85024 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 39 | +11.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 85024 in April 2024, up by 11.4% month-over-month. Of the 39 sold homes, 62% were sold under asking, 28% were sold at asking, and 10% were sold over asking.
Days on Market for 85024, AZ
How long does it take to sell a home in 85024, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 46 Days | -21.2% |
Summary: Homes in 85024 had an average of 46 days on market in Apr 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in 85024; 36% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.