Is 85142, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 85142 was a Seller's Market.
Housing Prices in 85142, AZ
How much do homes in 85142, AZ cost?
Median Sold Price
$607,427
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85142 was $607,427 in March 2024, down 1.5% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312.5K | - | N/A |
2 Bedrooms | $400K | $417K | +4.3% |
3 Bedrooms | $503.6K | $499.9K | -0.7% |
4 Bedrooms | $635K | $618.3K | -2.6% |
5+ Bedrooms | $787.3K | $783.9K | -0.4% |
Summary: 85142 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 increased by 4.3%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 0.4%.
Housing Supply in 85142, AZ
How many homes are available in 85142, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
551 | 578 | +4.9% |
Summary: The 85142 real estate market had 578 homes for sale in March 2024, a 4.9% 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 | 2 | 1 | -50.0% |
3 Bedrooms | 157 | 171 | +8.9% |
4 Bedrooms | 283 | 290 | +2.5% |
5+ Bedrooms | 109 | 116 | +6.4% |
Summary: The 85142 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 decreased by 50%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 6.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
103 | 95 | -7.8% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 95 homes were sold or pending in 85142 in March 2024, down by 7.8% month-over-month. Of the 95 sold homes, 60% were sold under asking, 31% were sold at asking, and 9% were sold over asking.
Days on Market for 85142, AZ
How long does it take to sell a home in 85142, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
89 Days | 79 Days | -10.5% |
Summary: Homes in 85142 had an average of 79 days on market in Mar 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During March 2024, 95 homes were sold in 85142; 25% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.