Is 85201, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 85201 has remained a Seller's Market.
Housing Prices in 85201, AZ
How much do homes in 85201, AZ cost?
Median Sold Price
$338,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85201 was $338,000 in April 2024, down 1.5% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235K | $210.5K | -10.4% |
2 Bedrooms | $280K | $285K | +1.8% |
3 Bedrooms | $375K | $371K | -1.1% |
4 Bedrooms | $420K | $460K | +9.5% |
5+ Bedrooms | $506K | $484K | -4.3% |
Summary: 85201 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in 85201, AZ
How many homes are available in 85201, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 115 | +11.7% |
Summary: The 85201 real estate market had 115 homes for sale in April 2024, a 11.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 46 | 49 | +6.5% |
3 Bedrooms | 31 | 43 | +38.7% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 85201 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 38.7%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 34 | +54.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 85201 in April 2024, up by 54.5% month-over-month. Of the 34 sold homes, 35% were sold under asking, 41% were sold at asking, and 24% were sold over asking.
Days on Market for 85201, AZ
How long does it take to sell a home in 85201, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 39 Days | -48.0% |
Summary: Homes in 85201 had an average of 39 days on market in Apr 2024, down by 48% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in 85201; 44% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.