Is 85225, 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, 85225 has remained a Seller's Market.
Housing Prices in 85225, AZ
How much do homes in 85225, AZ cost?
Median Sold Price
$460,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85225 was $460,000 in March 2024, up 2.2% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $245K | -12.5% |
2 Bedrooms | $324.1K | $325K | 0.3% |
3 Bedrooms | $450.2K | $458.6K | +1.9% |
4 Bedrooms | $550K | $550K | 0.0% |
5+ Bedrooms | $662.4K | $825K | +24.5% |
Summary: 85225 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 24.5%.
Housing Supply in 85225, AZ
How many homes are available in 85225, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
159 | 169 | +6.3% |
Summary: The 85225 real estate market had 169 homes for sale in March 2024, a 6.3% 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 | 19 | 26 | +36.8% |
3 Bedrooms | 86 | 90 | +4.7% |
4 Bedrooms | 46 | 44 | -4.3% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 85225 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 36.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 53 | +29.3% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in 85225 in March 2024, up by 29.3% month-over-month. Of the 53 sold homes, 58% were sold under asking, 13% were sold at asking, and 28% were sold over asking.
Days on Market for 85225, AZ
How long does it take to sell a home in 85225, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 45 Days | -21.0% |
Summary: Homes in 85225 had an average of 45 days on market in Mar 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 53 homes were sold in 85225; 49% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.