Is 85206, 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, 85206 has remained a Seller's Market.
Housing Prices in 85206, AZ
How much do homes in 85206, AZ cost?
Median Sold Price
$369,600
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85206 was $369,600 in March 2024, down 4.3% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $214.7K | $217.5K | +1.3% |
2 Bedrooms | $345K | $341.5K | -1.0% |
3 Bedrooms | $421K | $405K | -3.8% |
4 Bedrooms | $485K | $501K | +3.3% |
5+ Bedrooms | $640.4K | $528K | -17.6% |
Summary: 85206 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 17.6%.
Housing Supply in 85206, AZ
How many homes are available in 85206, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
176 | 191 | +8.5% |
Summary: The 85206 real estate market had 191 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 106 | 110 | +3.8% |
3 Bedrooms | 49 | 54 | +10.2% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 85206 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 43 | -6.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in 85206 in March 2024, down by 6.5% month-over-month. Of the 43 sold homes, 56% were sold under asking, 33% were sold at asking, and 12% were sold over asking.
Days on Market for 85206, AZ
How long does it take to sell a home in 85206, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 57 Days | -21.4% |
Summary: Homes in 85206 had an average of 57 days on market in Mar 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in 85206; 23% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.