Is 85205, 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, 85205 has remained a Seller's Market.
Housing Prices in 85205, AZ
How much do homes in 85205, AZ cost?
Median Sold Price
$371,250
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85205 was $371,250 in March 2024, down 7.2% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212K | $208.5K | -1.7% |
2 Bedrooms | $315K | $305K | -3.2% |
3 Bedrooms | $426.2K | $400K | -6.2% |
4 Bedrooms | $535K | $530K | -0.9% |
5+ Bedrooms | $775K | $921K | +18.8% |
Summary: 85205 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in 85205, AZ
How many homes are available in 85205, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
172 | 185 | +7.6% |
Summary: The 85205 real estate market had 185 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 69 | 79 | +14.5% |
3 Bedrooms | 64 | 66 | +3.1% |
4 Bedrooms | 23 | 22 | -4.3% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 85205 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 14.5%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 48 | +4.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in 85205 in March 2024, up by 4.3% month-over-month. Of the 48 sold homes, 33% were sold under asking, 46% were sold at asking, and 21% were sold over asking.
Days on Market for 85205, AZ
How long does it take to sell a home in 85205, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 48 Days | -23.7% |
Summary: Homes in 85205 had an average of 48 days on market in Mar 2024, down by 23.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in 85205; 44% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.