Is 85033, 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, 85033 has remained a Seller's Market.
Housing Prices in 85033, AZ
How much do homes in 85033, AZ cost?
Median Sold Price
$335,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85033 was $335,000 in March 2024, up 3.1% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $152.5K | $161.5K | +5.9% |
2 Bedrooms | $206K | $214.4K | +4.1% |
3 Bedrooms | $320K | $325.7K | +1.8% |
4 Bedrooms | $370K | $369K | -0.3% |
5+ Bedrooms | $371.9K | $380K | +2.2% |
Summary: 85033 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 85033, AZ
How many homes are available in 85033, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 91 | +15.2% |
Summary: The 85033 real estate market had 91 homes for sale in March 2024, a 15.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 43 | 52 | +20.9% |
4 Bedrooms | 17 | 21 | +23.5% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 85033 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 29 | +93.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 85033 in March 2024, up by 93.3% month-over-month. Of the 29 sold homes, 28% were sold under asking, 48% were sold at asking, and 24% were sold over asking.
Days on Market for 85033, AZ
How long does it take to sell a home in 85033, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 47 Days | -38.3% |
Summary: Homes in 85033 had an average of 47 days on market in Mar 2024, down by 38.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 85033; 45% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.