Is 85204, 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, 85204 has remained a Seller's Market.
Housing Prices in 85204, AZ
How much do homes in 85204, AZ cost?
Median Sold Price
$406,750
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85204 was $406,750 in March 2024, down 0.1% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | - | N/A |
2 Bedrooms | $315K | $332K | +5.4% |
3 Bedrooms | $400K | $405.5K | +1.4% |
4 Bedrooms | $461.5K | $460K | -0.3% |
5+ Bedrooms | $510K | $568.7K | +11.5% |
Summary: 85204 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 5.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in 85204, AZ
How many homes are available in 85204, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 98 | +5.4% |
Summary: The 85204 real estate market had 98 homes for sale in March 2024, a 5.4% 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 | 20 | 26 | +30.0% |
3 Bedrooms | 47 | 46 | -2.1% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 85204 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 30%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 33 | +50.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 85204 in March 2024, up by 50.0% month-over-month. Of the 33 sold homes, 36% were sold under asking, 48% were sold at asking, and 15% were sold over asking.
Days on Market for 85204, AZ
How long does it take to sell a home in 85204, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 44 Days | -34.7% |
Summary: Homes in 85204 had an average of 44 days on market in Mar 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in 85204; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.