Is 85257, 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, 85257 has remained a Seller's Market.
Housing Prices in 85257, AZ
How much do homes in 85257, AZ cost?
Median Sold Price
$572,500
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85257 was $572,500 in April 2024, down 1.5% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.4K | $130K | -9.4% |
2 Bedrooms | $315K | $309.7K | -1.7% |
3 Bedrooms | $630.7K | $600K | -4.9% |
4 Bedrooms | $731K | $695K | -4.9% |
5+ Bedrooms | $724.5K | $775K | +7.0% |
Summary: 85257 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 7%.
Housing Supply in 85257, AZ
How many homes are available in 85257, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
171 | 180 | +5.3% |
Summary: The 85257 real estate market had 180 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 6 | -33.3% |
2 Bedrooms | 44 | 39 | -11.4% |
3 Bedrooms | 65 | 73 | +12.3% |
4 Bedrooms | 46 | 53 | +15.2% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 85257 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 33 | -15.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 85257 in April 2024, down by 15.4% month-over-month. Of the 33 sold homes, 64% were sold under asking, 24% were sold at asking, and 12% were sold over asking.
Days on Market for 85257, AZ
How long does it take to sell a home in 85257, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 102 Days | +122.3% |
Summary: Homes in 85257 had an average of 102 days on market in Apr 2024, up by 122.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in 85257; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.