Is 85054, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 85054 has remained a Seller's Market.
Housing Prices in 85054, AZ
How much do homes in 85054, AZ cost?
Median Sold Price
$640,000
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85054 was $640,000 in April 2024, down 4.1% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $333.5K | $339K | +1.6% |
2 Bedrooms | $482.5K | $471K | -2.4% |
3 Bedrooms | $838K | $718.7K | -14.2% |
4 Bedrooms | $884.9K | $930K | +5.1% |
5+ Bedrooms | $1.1M | $1.3M | +13.1% |
Summary: 85054 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 13.1%.
Housing Supply in 85054, AZ
How many homes are available in 85054, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 83 | -8.8% |
Summary: The 85054 real estate market had 83 homes for sale in April 2024, a 8.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 42 | 36 | -14.3% |
3 Bedrooms | 23 | 21 | -8.7% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 85054 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 18 | -28.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 85054 in April 2024, down by 28.0% month-over-month. Of the 18 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 85054, AZ
How long does it take to sell a home in 85054, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 67 Days | -0.6% |
Summary: Homes in 85054 had an average of 67 days on market in Apr 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in 85054; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.