Is 85138, 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, 85138 has remained a Seller's Market.
Housing Prices in 85138, AZ
How much do homes in 85138, AZ cost?
Median Sold Price
$358,802
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85138 was $358,802 in March 2024, down 8.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $407.5K | N/A |
2 Bedrooms | $380K | $349.9K | -7.9% |
3 Bedrooms | $369K | $335K | -9.2% |
4 Bedrooms | $402.6K | $368K | -8.6% |
5+ Bedrooms | $440K | $433.7K | -1.4% |
Summary: 85138 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 7.9%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Zip Codes
85248 | $545.6K | $540.5K | -0.9% |
85138 | $390.5K | $358.8K | -8.1% |
Housing Supply in 85138, AZ
How many homes are available in 85138, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
579 | 627 | +8.3% |
Summary: The 85138 real estate market had 627 homes for sale in March 2024, a 8.3% 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 | 49 | 49 | 0.0% |
3 Bedrooms | 238 | 280 | +17.6% |
4 Bedrooms | 220 | 228 | +3.6% |
5+ Bedrooms | 72 | 70 | -2.8% |
Summary: The 85138 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 17.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 2.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 144 | +73.5% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 144 homes were sold or pending in 85138 in March 2024, up by 73.5% month-over-month. Of the 144 sold homes, 42% were sold under asking, 38% were sold at asking, and 20% were sold over asking.
Days on Market for 85138, AZ
How long does it take to sell a home in 85138, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
96 Days | 79 Days | -17.4% |
Summary: Homes in 85138 had an average of 79 days on market in Mar 2024, down by 17.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
48 Homes Were Sold
Over 90 Days
Summary: During March 2024, 144 homes were sold in 85138; 24% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.