Is 85132, 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, 85132 has remained a Seller's Market.
Housing Prices in 85132, AZ
How much do homes in 85132, AZ cost?
Median Sold Price
$339,994
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85132 was $339,994 in March 2024, down 7.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.9K | $131.9K | +10.9% |
2 Bedrooms | $415K | $400K | -3.6% |
3 Bedrooms | $340K | $320K | -5.9% |
4 Bedrooms | $375K | $345K | -8.0% |
5+ Bedrooms | $435K | $395K | -9.2% |
Summary: 85132 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 9.2%.
Housing Supply in 85132, AZ
How many homes are available in 85132, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
249 | 269 | +8.0% |
Summary: The 85132 real estate market had 269 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 56 | 66 | +17.9% |
3 Bedrooms | 96 | 107 | +11.5% |
4 Bedrooms | 76 | 72 | -5.3% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 85132 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 65 | +44.4% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in 85132 in March 2024, up by 44.4% month-over-month. Of the 65 sold homes, 42% were sold under asking, 45% were sold at asking, and 14% were sold over asking.
Days on Market for 85132, AZ
How long does it take to sell a home in 85132, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 76 Days | -4.1% |
Summary: Homes in 85132 had an average of 76 days on market in Mar 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During March 2024, 65 homes were sold in 85132; 31% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.