Is 85123, 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, 85123 has remained a Seller's Market.
Housing Prices in 85123, AZ
How much do homes in 85123, AZ cost?
Median Sold Price
$254,970
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85123 was $254,970 in March 2024, down 1.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | $220K | -8.3% |
3 Bedrooms | $270K | $259K | -4.1% |
4 Bedrooms | $255.4K | $252.9K | -1.0% |
5+ Bedrooms | $346K | $355K | +2.6% |
Summary: 85123 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 8.3%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in 85123, AZ
How many homes are available in 85123, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
167 | 182 | +9.0% |
Summary: The 85123 real estate market had 182 homes for sale in March 2024, a 9.0% 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 | 10 | 10 | 0.0% |
3 Bedrooms | 120 | 136 | +13.3% |
4 Bedrooms | 35 | 34 | -2.9% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 85123 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 increased by 13.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 37 | +23.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 85123 in March 2024, up by 23.3% month-over-month. Of the 37 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for 85123, AZ
How long does it take to sell a home in 85123, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 65 Days | +6.3% |
Summary: Homes in 85123 had an average of 65 days on market in Mar 2024, up by 6.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in 85123; 43% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.