Is 85215, 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, 85215 has remained a Seller's Market.
Housing Prices in 85215, AZ
How much do homes in 85215, AZ cost?
Median Sold Price
$519,500
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85215 was $519,500 in March 2024, up 5.3% 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 | $275K | - | N/A |
2 Bedrooms | $381.9K | $400K | +4.7% |
3 Bedrooms | $492.5K | $515K | +4.6% |
4 Bedrooms | $599.9K | $625K | +4.2% |
5+ Bedrooms | $1.1M | $1.3M | +16.8% |
Summary: 85215 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 4.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 16.8%.
Housing Supply in 85215, AZ
How many homes are available in 85215, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 122 | +15.1% |
Summary: The 85215 real estate market had 122 homes for sale in March 2024, a 15.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 37 | 42 | +13.5% |
3 Bedrooms | 38 | 42 | +10.5% |
4 Bedrooms | 23 | 26 | +13.0% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 85215 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 32 | +52.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 85215 in March 2024, up by 52.4% month-over-month. Of the 32 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.
Days on Market for 85215, AZ
How long does it take to sell a home in 85215, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 76 Days | +29.4% |
Summary: Homes in 85215 had an average of 76 days on market in Mar 2024, up by 29.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 85215; 22% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.