Is 85027, 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, 85027 has remained a Seller's Market.
Housing Prices in 85027, AZ
How much do homes in 85027, AZ cost?
Median Sold Price
$384,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85027 was $384,000 in March 2024, down 1.5% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $223K | $210K | -5.8% |
2 Bedrooms | $285K | $289K | +1.4% |
3 Bedrooms | $400K | $405K | +1.3% |
4 Bedrooms | $450K | $457.2K | +1.6% |
5+ Bedrooms | $550K | $550K | 0.0% |
Summary: 85027 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.
Housing Supply in 85027, AZ
How many homes are available in 85027, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 111 | +4.7% |
Summary: The 85027 real estate market had 111 homes for sale in March 2024, a 4.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 39 | 37 | -5.1% |
3 Bedrooms | 43 | 46 | +7.0% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 85027 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 36 | +44.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 85027 in March 2024, up by 44.0% month-over-month. Of the 36 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for 85027, AZ
How long does it take to sell a home in 85027, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 49 Days | -21.5% |
Summary: Homes in 85027 had an average of 49 days on market in Mar 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in 85027; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.