Is 85203, 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, 85203 has remained a Seller's Market.
Housing Prices in 85203, AZ
How much do homes in 85203, AZ cost?
Median Sold Price
$450,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85203 was $450,000 in March 2024, down 0.4% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $285K | +39.0% |
2 Bedrooms | $312.5K | $314K | 0.5% |
3 Bedrooms | $435K | $430K | -1.1% |
4 Bedrooms | $515K | $550K | +6.8% |
5+ Bedrooms | $678K | $696K | +2.7% |
Summary: 85203 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 2.7%.
Housing Supply in 85203, AZ
How many homes are available in 85203, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 65 | -8.5% |
Summary: The 85203 real estate market had 65 homes for sale in March 2024, a 8.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 35 | 29 | -17.1% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 85203 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 17 | -45.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 85203 in March 2024, down by 45.2% month-over-month. Of the 17 sold homes, 35% were sold under asking, 35% were sold at asking, and 29% were sold over asking.
Days on Market for 85203, AZ
How long does it take to sell a home in 85203, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 62 Days | -16.0% |
Summary: Homes in 85203 had an average of 62 days on market in Mar 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 85203; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.