Is 85250, 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, 85250 has remained a Seller's Market.
Housing Prices in 85250, AZ
How much do homes in 85250, AZ cost?
Median Sold Price
$600,000
$374/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85250 was $600,000 in April 2024, up 6.2% from last year, and the median price per square foot was $374.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $297.5K | $285.5K | -4.0% |
2 Bedrooms | $440K | $472.4K | +7.4% |
3 Bedrooms | $655K | $682.5K | +4.2% |
4 Bedrooms | $862.5K | $902.2K | +4.6% |
5+ Bedrooms | $1.5M | $1.4M | -7.4% |
Summary: 85250 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in 85250, AZ
How many homes are available in 85250, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
194 | 198 | +2.1% |
Summary: The 85250 real estate market had 198 homes for sale in April 2024, a 2.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 74 | 73 | -1.4% |
3 Bedrooms | 69 | 72 | +4.3% |
4 Bedrooms | 32 | 31 | -3.1% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 85250 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 59 | +47.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in 85250 in April 2024, up by 47.5% month-over-month. Of the 59 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 85250, AZ
How long does it take to sell a home in 85250, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 54 Days | -21.2% |
Summary: Homes in 85250 had an average of 54 days on market in Apr 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 59 homes were sold in 85250; 44% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.