Is 85042, 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, 85042 has remained a Seller's Market.
Housing Prices in 85042, AZ
How much do homes in 85042, AZ cost?
Median Sold Price
$410,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85042 was $410,000 in March 2024, up 0.2% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $198K | -2.2% |
2 Bedrooms | $310K | $315K | +1.6% |
3 Bedrooms | $417K | $410K | -1.7% |
4 Bedrooms | $490K | $520K | +6.1% |
5+ Bedrooms | $625K | $592K | -5.3% |
Summary: 85042 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in 85042, AZ
How many homes are available in 85042, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
135 | 131 | -3.0% |
Summary: The 85042 real estate market had 131 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 | 1 | 1 | 0.0% |
2 Bedrooms | 22 | 20 | -9.1% |
3 Bedrooms | 62 | 61 | -1.6% |
4 Bedrooms | 41 | 39 | -4.9% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 85042 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 decreased by 9.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 44 | +33.3% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in 85042 in March 2024, up by 33.3% month-over-month. Of the 44 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for 85042, AZ
How long does it take to sell a home in 85042, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
91 Days | 52 Days | -42.3% |
Summary: Homes in 85042 had an average of 52 days on market in Mar 2024, down by 42.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 44 homes were sold in 85042; 32% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.