Is 85233, 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, 85233 has remained a Seller's Market.
Housing Prices in 85233, AZ
How much do homes in 85233, AZ cost?
Median Sold Price
$519,975
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85233 was $519,975 in April 2024, up 1% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $247.5K | +7.6% |
2 Bedrooms | $349K | $380K | +8.9% |
3 Bedrooms | $487K | $485K | -0.4% |
4 Bedrooms | $587K | $590K | 0.5% |
5+ Bedrooms | $717.5K | $673.7K | -6.1% |
Summary: 85233 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in 85233, AZ
How many homes are available in 85233, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
126 | 135 | +7.1% |
Summary: The 85233 real estate market had 135 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 63 | 61 | -3.2% |
4 Bedrooms | 38 | 50 | +31.6% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 85233 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 35 | -14.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 85233 in April 2024, down by 14.6% month-over-month. Of the 35 sold homes, 51% were sold under asking, 23% were sold at asking, and 26% were sold over asking.
Days on Market for 85233, AZ
How long does it take to sell a home in 85233, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 55 Days | +10.2% |
Summary: Homes in 85233 had an average of 55 days on market in Apr 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in 85233; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.