Is 85226, 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, 85226 has remained a Seller's Market.
Housing Prices in 85226, AZ
How much do homes in 85226, AZ cost?
Median Sold Price
$500,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85226 was $500,000 in March 2024, up 2% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $243K | N/A |
2 Bedrooms | $390K | $370K | -5.1% |
3 Bedrooms | $485K | $465K | -4.1% |
4 Bedrooms | $615.2K | $586K | -4.7% |
5+ Bedrooms | $692.5K | $720K | +4.0% |
Summary: 85226 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 decreased by 5.1%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 4%.
Housing Supply in 85226, AZ
How many homes are available in 85226, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 85 | -9.6% |
Summary: The 85226 real estate market had 85 homes for sale in March 2024, a 9.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 22 | +57.1% |
3 Bedrooms | 52 | 38 | -26.9% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The 85226 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 57.1%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 29 | +7.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 85226 in March 2024, up by 7.4% month-over-month. Of the 29 sold homes, 38% were sold under asking, 28% were sold at asking, and 34% were sold over asking.
Days on Market for 85226, AZ
How long does it take to sell a home in 85226, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 54 Days | -12.8% |
Summary: Homes in 85226 had an average of 54 days on market in Mar 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 85226; 59% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.