Is 85044, 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, 85044 has remained a Seller's Market.
Housing Prices in 85044, AZ
How much do homes in 85044, AZ cost?
Median Sold Price
$466,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85044 was $466,000 in March 2024, up 0.2% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $225K | 0.0% |
2 Bedrooms | $381K | $360K | -5.5% |
3 Bedrooms | $477K | $470K | -1.5% |
4 Bedrooms | $607K | $575K | -5.3% |
5+ Bedrooms | $1.2M | $815K | -32.1% |
Summary: 85044 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 5.5%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 32.1%.
Housing Supply in 85044, AZ
How many homes are available in 85044, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
139 | 156 | +12.2% |
Summary: The 85044 real estate market had 156 homes for sale in March 2024, a 12.2% 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 | 45 | 54 | +20.0% |
3 Bedrooms | 54 | 57 | +5.6% |
4 Bedrooms | 32 | 30 | -6.3% |
5+ Bedrooms | 6 | 12 | +100.0% |
Summary: The 85044 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 20%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 45 | +50.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in 85044 in March 2024, up by 50.0% month-over-month. Of the 45 sold homes, 49% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for 85044, AZ
How long does it take to sell a home in 85044, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 52 Days | -26.6% |
Summary: Homes in 85044 had an average of 52 days on market in Mar 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in 85044; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.