Is 85122, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 85122 was a Seller's Market.
Housing Prices in 85122, AZ
How much do homes in 85122, AZ cost?
Median Sold Price
$334,997
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 85122 was $334,997 in February 2024, down 5.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $111.5K | +39.4% |
2 Bedrooms | $269.9K | $270K | 0.0% |
3 Bedrooms | $332.3K | $315.9K | -4.9% |
4 Bedrooms | $384.9K | $349.9K | -9.1% |
5+ Bedrooms | $414.8K | $388.4K | -6.4% |
Summary: 85122 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 6.4%.
Housing Supply in 85122, AZ
How many homes are available in 85122, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
346 | 391 | +13.0% |
Summary: The 85122 real estate market had 391 homes for sale in February 2024, a 13.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 34 | 35 | +2.9% |
3 Bedrooms | 139 | 165 | +18.7% |
4 Bedrooms | 142 | 155 | +9.2% |
5+ Bedrooms | 31 | 36 | +16.1% |
Summary: The 85122 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
54 | 49 | -9.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in 85122 in February 2024, down by 9.3% month-over-month. Of the 49 sold homes, 55% were sold under asking, 33% were sold at asking, and 12% were sold over asking.
Days on Market for 85122, AZ
How long does it take to sell a home in 85122, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
72 Days | 98 Days | +35.5% |
Summary: Homes in 85122 had an average of 98 days on market in Feb 2024, up by 35.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During February 2024, 49 homes were sold in 85122; 20% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.