Is 85034, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 85034 was a Seller's Market.
Housing Prices in 85034, AZ
How much do homes in 85034, AZ cost?
Median Sold Price
$275,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85034 was $275,000 in March 2024, down 1.8% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $216.5K | $216.3K | -0.1% |
2 Bedrooms | $332K | $308K | -7.2% |
3 Bedrooms | $262.5K | $370K | +41.0% |
4 Bedrooms | $449K | $308K | -31.4% |
5+ Bedrooms | - | $440K | N/A |
Summary: 85034 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 41%, 4 bedroom homes decreased by 31.4%, and 5+ bedroom homes did not change.
Housing Supply in 85034, AZ
How many homes are available in 85034, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Summary: The 85034 real estate market had 15 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 0 | 2 | +100.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 85034 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 85034 in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 85034, AZ
How long does it take to sell a home in 85034, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 49 Days | -11.0% |
Summary: Homes in 85034 had an average of 49 days on market in Mar 2024, down by 11% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in 85034; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.