Is 85050, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 85050 has remained a Seller's Market.
Housing Prices in 85050, AZ
How much do homes in 85050, AZ cost?
Median Sold Price
$593,437
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 85050 was $593,437 in February 2024, down 0.4% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $465K | $432.5K | -7.0% |
3 Bedrooms | $541.5K | $545K | +0.6% |
4 Bedrooms | $750K | $800K | +6.7% |
5+ Bedrooms | $1.1M | $1.0M | -1.0% |
Summary: 85050 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 85050, AZ
How many homes are available in 85050, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
116 | 122 | +5.2% |
Summary: The 85050 real estate market had 122 homes for sale in February 2024, a 5.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 52 | 51 | -1.9% |
4 Bedrooms | 41 | 42 | +2.4% |
5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The 85050 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 41 | +46.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in 85050 in February 2024, up by 46.4% month-over-month. Of the 41 sold homes, 59% were sold under asking, 34% were sold at asking, and 7% were sold over asking.
Days on Market for 85050, AZ
How long does it take to sell a home in 85050, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
77 Days | 83 Days | +7.6% |
Summary: Homes in 85050 had an average of 83 days on market in Feb 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During February 2024, 41 homes were sold in 85050; 34% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.