Is 85119, 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, 85119 has remained a Seller's Market.
Housing Prices in 85119, AZ
How much do homes in 85119, AZ cost?
Median Sold Price
$480,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 85119 was $480,000 in February 2024, up 9.1% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130.9K | $132K | +0.8% |
2 Bedrooms | $397K | $341.2K | -14.0% |
3 Bedrooms | $430K | $475K | +10.5% |
4 Bedrooms | $465.9K | $604.9K | +29.8% |
5+ Bedrooms | $672K | $559.7K | -16.7% |
Summary: 85119 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes decreased by 16.7%.
Housing Supply in 85119, AZ
How many homes are available in 85119, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
64 | 80 | +25.0% |
Summary: The 85119 real estate market had 80 homes for sale in February 2024, a 25.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 34 | 40 | +17.6% |
4 Bedrooms | 19 | 23 | +21.1% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 85119 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 85119 in February 2024, up by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for 85119, AZ
How long does it take to sell a home in 85119, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
70 Days | 67 Days | -5.0% |
Summary: Homes in 85119 had an average of 67 days on market in Feb 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 14 homes were sold in 85119; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.