Is 85253, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 85253 was a Seller's Market.
Housing Prices in 85253, AZ
How much do homes in 85253, AZ cost?
Median Sold Price
$3,077,745
$727/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85253 was $3,077,745 in April 2024, up 0.3% from last year, and the median price per square foot was $727.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $277K | $278.7K | +0.6% |
2 Bedrooms | $470K | $657K | +39.8% |
3 Bedrooms | $2.2M | $2.4M | +9.1% |
4 Bedrooms | $2.8M | $3.0M | +9.3% |
5+ Bedrooms | $4.3M | $4.9M | +14.0% |
Summary: 85253 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 39.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 14%.
Housing Supply in 85253, AZ
How many homes are available in 85253, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
283 | 293 | +3.5% |
Summary: The 85253 real estate market had 293 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 32 | 34 | +6.3% |
4 Bedrooms | 79 | 80 | +1.3% |
5+ Bedrooms | 151 | 157 | +4.0% |
Summary: The 85253 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 42 | +40.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in 85253 in April 2024, up by 40.0% month-over-month. Of the 42 sold homes, 79% were sold under asking, 17% were sold at asking, and 5% were sold over asking.
Days on Market for 85253, AZ
How long does it take to sell a home in 85253, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
113 Days | 125 Days | +10.3% |
Summary: Homes in 85253 had an average of 125 days on market in Apr 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in 85253; 14% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.