Is 85041, 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, 85041 has remained a Seller's Market.
Housing Prices in 85041, AZ
How much do homes in 85041, AZ cost?
Median Sold Price
$390,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85041 was $390,000 in March 2024, down 2.3% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $250K | N/A |
2 Bedrooms | $305K | $297.1K | -2.6% |
3 Bedrooms | $371.1K | $375K | +1.1% |
4 Bedrooms | $426.6K | $415K | -2.7% |
5+ Bedrooms | $510K | $487.5K | -4.4% |
Summary: 85041 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in 85041, AZ
How many homes are available in 85041, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
147 | 171 | +16.3% |
Summary: The 85041 real estate market had 171 homes for sale in March 2024, a 16.3% increase 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 | 65 | 70 | +7.7% |
4 Bedrooms | 65 | 81 | +24.6% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The 85041 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 increased by 7.7%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 46 | +53.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 85041 in March 2024, up by 53.3% month-over-month. Of the 46 sold homes, 37% were sold under asking, 37% were sold at asking, and 26% were sold over asking.
Days on Market for 85041, AZ
How long does it take to sell a home in 85041, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 60 Days | +6.9% |
Summary: Homes in 85041 had an average of 60 days on market in Mar 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 46 homes were sold in 85041; 28% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.