Is 85043, 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, 85043 has remained a Seller's Market.
Housing Prices in 85043, AZ
How much do homes in 85043, AZ cost?
Median Sold Price
$365,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85043 was $365,000 in March 2024, down 6.4% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $284.9K | $200K | -29.8% |
3 Bedrooms | $378.1K | $358K | -5.3% |
4 Bedrooms | $425K | $400K | -5.9% |
5+ Bedrooms | $459.5K | $477.1K | +3.8% |
Summary: 85043 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 29.8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 85043, AZ
How many homes are available in 85043, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 92 | +15.0% |
Summary: The 85043 real estate market had 92 homes for sale in March 2024, a 15.0% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 44 | 48 | +9.1% |
4 Bedrooms | 27 | 34 | +25.9% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 85043 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 23 | +109.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 85043 in March 2024, up by 109.1% month-over-month. Of the 23 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% were sold over asking.
Days on Market for 85043, AZ
How long does it take to sell a home in 85043, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
91 Days | 46 Days | -49.7% |
Summary: Homes in 85043 had an average of 46 days on market in Mar 2024, down by 49.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 85043; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.