Is 85120, 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, 85120 has remained a Seller's Market.
Housing Prices in 85120, AZ
How much do homes in 85120, AZ cost?
Median Sold Price
$365,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85120 was $365,000 in March 2024, up 1.4% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162K | $219.7K | +35.6% |
2 Bedrooms | $304.7K | $299.7K | -1.6% |
3 Bedrooms | $380K | $380K | 0.0% |
4 Bedrooms | $415K | $440K | +6.0% |
5+ Bedrooms | $419.9K | $481.1K | +14.6% |
Summary: 85120 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.6%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 14.6%.
Housing Supply in 85120, AZ
How many homes are available in 85120, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
100 | 104 | +4.0% |
Summary: The 85120 real estate market had 104 homes for sale in March 2024, a 4.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 29 | 29 | 0.0% |
3 Bedrooms | 49 | 49 | 0.0% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 85120 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 30 | +42.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 85120 in March 2024, up by 42.9% month-over-month. Of the 30 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for 85120, AZ
How long does it take to sell a home in 85120, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 52 Days | -10.3% |
Summary: Homes in 85120 had an average of 52 days on market in Mar 2024, down by 10.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 85120; 27% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.