Is 85234, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 85234 has remained a Seller's Market.
Housing Prices in 85234, AZ
How much do homes in 85234, AZ cost?
Median Sold Price
$554,571
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 85234 was $554,571 in February 2024, down 2.4% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $300K | +9.1% |
2 Bedrooms | $361K | $339.2K | -6.0% |
3 Bedrooms | $500K | $493K | -1.4% |
4 Bedrooms | $611.6K | $594K | -2.9% |
5+ Bedrooms | $777.5K | $822.2K | +5.8% |
Summary: 85234 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in 85234, AZ
How many homes are available in 85234, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
121 | 147 | +21.5% |
Summary: The 85234 real estate market had 147 homes for sale in February 2024, a 21.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 39 | 51 | +30.8% |
4 Bedrooms | 49 | 55 | +12.2% |
5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The 85234 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 39 | +62.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in 85234 in February 2024, up by 62.5% month-over-month. Of the 39 sold homes, 59% were sold under asking, 28% were sold at asking, and 13% were sold over asking.
Days on Market for 85234, AZ
How long does it take to sell a home in 85234, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
85 Days | 43 Days | -49.2% |
Summary: Homes in 85234 had an average of 43 days on market in Feb 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During February 2024, 39 homes were sold in 85234; 54% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.