Is 85249, 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, 85249 has remained a Seller's Market.
Housing Prices in 85249, AZ
How much do homes in 85249, AZ cost?
Median Sold Price
$641,533
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85249 was $641,533 in March 2024, down 1.2% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $324.5K | $355K | +9.4% |
2 Bedrooms | $392.5K | $391.5K | -0.3% |
3 Bedrooms | $575K | $559K | -2.8% |
4 Bedrooms | $732K | $760K | +3.8% |
5+ Bedrooms | $892.5K | $900K | +0.8% |
Summary: 85249 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 85249, AZ
How many homes are available in 85249, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
212 | 205 | -3.3% |
Summary: The 85249 real estate market had 205 homes for sale in March 2024, a 3.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 65 | 65 | 0.0% |
3 Bedrooms | 31 | 28 | -9.7% |
4 Bedrooms | 71 | 66 | -7.0% |
5+ Bedrooms | 45 | 46 | +2.2% |
Summary: The 85249 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 remained the same, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 2.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 55 | -1.8% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in 85249 in March 2024, down by 1.8% month-over-month. Of the 55 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% were sold over asking.
Days on Market for 85249, AZ
How long does it take to sell a home in 85249, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
91 Days | 42 Days | -53.2% |
Summary: Homes in 85249 had an average of 42 days on market in Mar 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 55 homes were sold in 85249; 47% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.