Is 85032, 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, 85032 has remained a Seller's Market.
Housing Prices in 85032, AZ
How much do homes in 85032, AZ cost?
Median Sold Price
$440,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85032 was $440,000 in March 2024, down 3.3% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $278K | $250K | -10.1% |
2 Bedrooms | $310K | $310K | 0.0% |
3 Bedrooms | $474.9K | $475K | 0.0% |
4 Bedrooms | $560K | $587K | +4.8% |
5+ Bedrooms | $757.5K | $729K | -3.8% |
Summary: 85032 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in 85032, AZ
How many homes are available in 85032, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
224 | 234 | +4.5% |
Summary: The 85032 real estate market had 234 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 30 | +25.0% |
2 Bedrooms | 44 | 46 | +4.5% |
3 Bedrooms | 93 | 89 | -4.3% |
4 Bedrooms | 56 | 60 | +7.1% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 85032 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 59 | 0.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in 85032 in March 2024, the same as the previous month. Of the 59 sold homes, 46% were sold under asking, 29% were sold at asking, and 25% were sold over asking.
Days on Market for 85032, AZ
How long does it take to sell a home in 85032, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 47 Days | -25.2% |
Summary: Homes in 85032 had an average of 47 days on market in Mar 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 59 homes were sold in 85032; 44% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.