Is 85255, 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, 85255 has remained a Seller's Market.
Housing Prices in 85255, AZ
How much do homes in 85255, AZ cost?
Median Sold Price
$1,283,849
$462/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85255 was $1,283,849 in March 2024, up 12.2% from last year, and the median price per square foot was $462.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $327.5K | $342K | +4.4% |
2 Bedrooms | $685K | $650K | -5.1% |
3 Bedrooms | $942K | $984K | +4.5% |
4 Bedrooms | $1.4M | $1.6M | +13.2% |
5+ Bedrooms | $2.7M | $2.7M | +1.1% |
Summary: 85255 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 85255, AZ
How many homes are available in 85255, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
525 | 556 | +5.9% |
Summary: The 85255 real estate market had 556 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 9 | -18.2% |
2 Bedrooms | 57 | 62 | +8.8% |
3 Bedrooms | 163 | 172 | +5.5% |
4 Bedrooms | 181 | 188 | +3.9% |
5+ Bedrooms | 113 | 125 | +10.6% |
Summary: The 85255 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 100 | +40.8% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 100 homes were sold or pending in 85255 in March 2024, up by 40.8% month-over-month. Of the 100 sold homes, 66% were sold under asking, 24% were sold at asking, and 10% were sold over asking.
Days on Market for 85255, AZ
How long does it take to sell a home in 85255, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 71 Days | +4.3% |
Summary: Homes in 85255 had an average of 71 days on market in Mar 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During March 2024, 100 homes were sold in 85255; 28% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.