Is 85128, 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, 85128 has remained a Seller's Market.
Housing Prices in 85128, AZ
How much do homes in 85128, AZ cost?
Median Sold Price
$301,666
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85128 was $301,666 in March 2024, down 2.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.5K | $70K | -61.6% |
2 Bedrooms | $201.9K | $219K | +8.4% |
3 Bedrooms | $290K | $290K | 0.0% |
4 Bedrooms | $321.5K | $317K | -1.4% |
5+ Bedrooms | $370.9K | $346K | -6.7% |
Summary: 85128 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.6%, 2 bedroom homes increased by 8.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 6.7%.
Housing Supply in 85128, AZ
How many homes are available in 85128, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
143 | 154 | +7.7% |
Summary: The 85128 real estate market had 154 homes for sale in March 2024, a 7.7% 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 | 5 | 9 | +80.0% |
3 Bedrooms | 68 | 76 | +11.8% |
4 Bedrooms | 60 | 61 | +1.7% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 85128 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 80%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 27 | -18.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 85128 in March 2024, down by 18.2% month-over-month. Of the 27 sold homes, 44% were sold under asking, 41% were sold at asking, and 15% were sold over asking.
Days on Market for 85128, AZ
How long does it take to sell a home in 85128, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 100 Days | +25.3% |
Summary: Homes in 85128 had an average of 100 days on market in Mar 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 85128; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.