Is 85140, 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, 85140 has remained a Seller's Market.
Housing Prices in 85140, AZ
How much do homes in 85140, AZ cost?
Median Sold Price
$435,453
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85140 was $435,453 in March 2024, down 6.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $568K | $520K | -8.5% |
3 Bedrooms | $425K | $400K | -5.9% |
4 Bedrooms | $465K | $439.4K | -5.5% |
5+ Bedrooms | $544.9K | $520.3K | -4.5% |
Summary: 85140 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 8.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in 85140, AZ
How many homes are available in 85140, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
332 | 354 | +6.6% |
Summary: The 85140 real estate market had 354 homes for sale in March 2024, a 6.6% 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 | 69 | 71 | +2.9% |
3 Bedrooms | 126 | 143 | +13.5% |
4 Bedrooms | 107 | 103 | -3.7% |
5+ Bedrooms | 30 | 37 | +23.3% |
Summary: The 85140 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 2.9%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 78 | +4.0% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in 85140 in March 2024, up by 4.0% month-over-month. Of the 78 sold homes, 46% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for 85140, AZ
How long does it take to sell a home in 85140, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
86 Days | 65 Days | -23.6% |
Summary: Homes in 85140 had an average of 65 days on market in Mar 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During March 2024, 78 homes were sold in 85140; 27% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.