Is 85209, 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, 85209 has remained a Seller's Market.
Housing Prices in 85209, AZ
How much do homes in 85209, AZ cost?
Median Sold Price
$439,166
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85209 was $439,166 in March 2024, down 2.4% 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 | $270K | $282.5K | +4.6% |
2 Bedrooms | $385K | $375K | -2.6% |
3 Bedrooms | $450K | $430K | -4.4% |
4 Bedrooms | $542K | $525K | -3.1% |
5+ Bedrooms | $620K | $678.7K | +9.5% |
Summary: 85209 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 9.5%.
Housing Supply in 85209, AZ
How many homes are available in 85209, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
224 | 232 | +3.6% |
Summary: The 85209 real estate market had 232 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 82 | 86 | +4.9% |
3 Bedrooms | 91 | 96 | +5.5% |
4 Bedrooms | 32 | 29 | -9.4% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 85209 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 4.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 81 | +65.3% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in 85209 in March 2024, up by 65.3% month-over-month. Of the 81 sold homes, 52% were sold under asking, 37% were sold at asking, and 11% were sold over asking.
Days on Market for 85209, AZ
How long does it take to sell a home in 85209, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
78 Days | 53 Days | -31.9% |
Summary: Homes in 85209 had an average of 53 days on market in Mar 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During March 2024, 81 homes were sold in 85209; 40% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.