Is 85085, 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, 85085 has remained a Seller's Market.
Housing Prices in 85085, AZ
How much do homes in 85085, AZ cost?
Median Sold Price
$636,821
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85085 was $636,821 in March 2024, up 4.4% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $417.5K | $340K | -18.6% |
3 Bedrooms | $541K | $553.5K | +2.3% |
4 Bedrooms | $700K | $700K | 0.0% |
5+ Bedrooms | $852.5K | $800K | -6.2% |
Summary: 85085 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 18.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.2%.
Housing Supply in 85085, AZ
How many homes are available in 85085, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
176 | 203 | +15.3% |
Summary: The 85085 real estate market had 203 homes for sale in March 2024, a 15.3% 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 | 12 | 15 | +25.0% |
3 Bedrooms | 58 | 70 | +20.7% |
4 Bedrooms | 85 | 91 | +7.1% |
5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The 85085 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 25%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 46 | +43.8% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 85085 in March 2024, up by 43.8% month-over-month. Of the 46 sold homes, 65% were sold under asking, 28% were sold at asking, and 7% were sold over asking.
Days on Market for 85085, AZ
How long does it take to sell a home in 85085, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 52 Days | -30.5% |
Summary: Homes in 85085 had an average of 52 days on market in Mar 2024, down by 30.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 46 homes were sold in 85085; 46% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.