Is 85202, 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, 85202 has remained a Seller's Market.
Housing Prices in 85202, AZ
How much do homes in 85202, AZ cost?
Median Sold Price
$395,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85202 was $395,000 in March 2024, up 5% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $227.5K | +11.0% |
2 Bedrooms | $290K | $278.5K | -4.0% |
3 Bedrooms | $420K | $430K | +2.4% |
4 Bedrooms | $517K | $525K | +1.5% |
5+ Bedrooms | $599.5K | $595K | -0.8% |
Summary: 85202 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 85202, AZ
How many homes are available in 85202, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
113 | 115 | +1.8% |
Summary: The 85202 real estate market had 115 homes for sale in March 2024, a 1.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 30 | 37 | +23.3% |
3 Bedrooms | 46 | 43 | -6.5% |
4 Bedrooms | 28 | 25 | -10.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 85202 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 23.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 31 | -22.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 85202 in March 2024, down by 22.5% month-over-month. Of the 31 sold homes, 48% were sold under asking, 32% were sold at asking, and 19% were sold over asking.
Days on Market for 85202, AZ
How long does it take to sell a home in 85202, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 50 Days | -16.5% |
Summary: Homes in 85202 had an average of 50 days on market in Mar 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 85202; 45% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.