Is 85035, 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, 85035 has remained a Seller's Market.
Housing Prices in 85035, AZ
How much do homes in 85035, AZ cost?
Median Sold Price
$345,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85035 was $345,000 in March 2024, up 0.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.5K | $150K | +1.7% |
2 Bedrooms | $298K | $258.5K | -13.3% |
3 Bedrooms | $336K | $339.5K | +1.0% |
4 Bedrooms | $355K | $350K | -1.4% |
5+ Bedrooms | $360K | $375K | +4.2% |
Summary: 85035 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in 85035, AZ
How many homes are available in 85035, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 65 | -3.0% |
Summary: The 85035 real estate market had 65 homes for sale in March 2024, a 3.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 38 | 35 | -7.9% |
4 Bedrooms | 24 | 22 | -8.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 85035 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 increased by 50%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 23 | +76.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 85035 in March 2024, up by 76.9% month-over-month. Of the 23 sold homes, 17% were sold under asking, 39% were sold at asking, and 43% were sold over asking.
Days on Market for 85035, AZ
How long does it take to sell a home in 85035, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 45 Days | +18.9% |
Summary: Homes in 85035 had an average of 45 days on market in Mar 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 85035; 48% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.