Is 85207, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 85207 has remained a Seller's Market.
Housing Prices in 85207, AZ
How much do homes in 85207, AZ cost?
Median Sold Price
$574,744
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85207 was $574,744 in April 2024, up 6.4% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $180K | 0.0% |
2 Bedrooms | $361.2K | $375K | +3.8% |
3 Bedrooms | $480K | $475K | -1.0% |
4 Bedrooms | $685.6K | $735K | +7.2% |
5+ Bedrooms | $890K | $980K | +10.1% |
Summary: 85207 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 10.1%.
Housing Supply in 85207, AZ
How many homes are available in 85207, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
267 | 247 | -7.5% |
Summary: The 85207 real estate market had 247 homes for sale in April 2024, a 7.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 26 | 21 | -19.2% |
3 Bedrooms | 113 | 103 | -8.8% |
4 Bedrooms | 82 | 81 | -1.2% |
5+ Bedrooms | 45 | 40 | -11.1% |
Summary: The 85207 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 60 | -22.1% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in 85207 in April 2024, down by 22.1% month-over-month. Of the 60 sold homes, 48% were sold under asking, 32% were sold at asking, and 20% were sold over asking.
Days on Market for 85207, AZ
How long does it take to sell a home in 85207, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 50 Days | -13.3% |
Summary: Homes in 85207 had an average of 50 days on market in Apr 2024, down by 13.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 60 homes were sold in 85207; 40% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.