Is 85259, 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, 85259 has remained a Seller's Market.
Housing Prices in 85259, AZ
How much do homes in 85259, AZ cost?
Median Sold Price
$1,117,004
$399/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85259 was $1,117,004 in March 2024, up 6.4% from last year, and the median price per square foot was $399.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $303K | +1.0% |
2 Bedrooms | $530K | $550K | +3.8% |
3 Bedrooms | $799.5K | $876.2K | +9.6% |
4 Bedrooms | $1.3M | $1.2M | -3.3% |
5+ Bedrooms | $1.8M | $2.0M | +12.4% |
Summary: 85259 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in 85259, AZ
How many homes are available in 85259, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
160 | 162 | +1.3% |
Summary: The 85259 real estate market had 162 homes for sale in March 2024, a 1.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 24 | 22 | -8.3% |
3 Bedrooms | 50 | 51 | +2.0% |
4 Bedrooms | 42 | 39 | -7.1% |
5+ Bedrooms | 43 | 48 | +11.6% |
Summary: The 85259 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 11.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 40 | +25.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 85259 in March 2024, up by 25.0% month-over-month. Of the 40 sold homes, 70% were sold under asking, 13% were sold at asking, and 18% were sold over asking.
Days on Market for 85259, AZ
How long does it take to sell a home in 85259, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 60 Days | +30.4% |
Summary: Homes in 85259 had an average of 60 days on market in Mar 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 85259; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.