Is 85053, 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, 85053 has remained a Seller's Market.
Housing Prices in 85053, AZ
How much do homes in 85053, AZ cost?
Median Sold Price
$385,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85053 was $385,000 in March 2024, down 2.7% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $145K | -9.4% |
2 Bedrooms | $305K | $301.2K | -1.2% |
3 Bedrooms | $391K | $384.9K | -1.5% |
4 Bedrooms | $445K | $416K | -6.5% |
5+ Bedrooms | $450K | $550K | +22.2% |
Summary: 85053 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 22.2%.
Housing Supply in 85053, AZ
How many homes are available in 85053, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 92 | +10.8% |
Summary: The 85053 real estate market had 92 homes for sale in March 2024, a 10.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 17 | +30.8% |
3 Bedrooms | 44 | 47 | +6.8% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 85053 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 30.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 85053 in March 2024, up by 21.1% month-over-month. Of the 23 sold homes, 39% were sold under asking, 43% were sold at asking, and 17% were sold over asking.
Days on Market for 85053, AZ
How long does it take to sell a home in 85053, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 55 Days | -2.9% |
Summary: Homes in 85053 had an average of 55 days on market in Mar 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 85053; 35% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.