Is 85028, 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, 85028 has remained a Seller's Market.
Housing Prices in 85028, AZ
How much do homes in 85028, AZ cost?
Median Sold Price
$669,812
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85028 was $669,812 in April 2024, down 2.5% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $310K | -11.4% |
2 Bedrooms | $470K | $445K | -5.3% |
3 Bedrooms | $650K | $625K | -3.8% |
4 Bedrooms | $775K | $785K | +1.3% |
5+ Bedrooms | $1.0M | $1.7M | +70.0% |
Summary: 85028 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 70%.
Housing Supply in 85028, AZ
How many homes are available in 85028, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 112 | +2.8% |
Summary: The 85028 real estate market had 112 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 15 | 12 | -20.0% |
3 Bedrooms | 45 | 44 | -2.2% |
4 Bedrooms | 41 | 41 | 0.0% |
5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The 85028 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 85028 in April 2024, up by 3.6% month-over-month. Of the 29 sold homes, 52% were sold under asking, 31% were sold at asking, and 17% were sold over asking.
Days on Market for 85028, AZ
How long does it take to sell a home in 85028, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 39 Days | -39.7% |
Summary: Homes in 85028 had an average of 39 days on market in Apr 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in 85028; 55% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.