Is 85260, 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, 85260 has remained a Seller's Market.
Housing Prices in 85260, AZ
How much do homes in 85260, AZ cost?
Median Sold Price
$694,542
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85260 was $694,542 in March 2024, up 5.1% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $289K | +5.1% |
2 Bedrooms | $460K | $435K | -5.4% |
3 Bedrooms | $685K | $680K | -0.7% |
4 Bedrooms | $1.0M | $1.1M | +7.5% |
5+ Bedrooms | $1.8M | $1.7M | -4.2% |
Summary: 85260 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in 85260, AZ
How many homes are available in 85260, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
235 | 266 | +13.2% |
Summary: The 85260 real estate market had 266 homes for sale in March 2024, a 13.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 63 | 80 | +27.0% |
3 Bedrooms | 84 | 92 | +9.5% |
4 Bedrooms | 52 | 57 | +9.6% |
5+ Bedrooms | 32 | 32 | 0.0% |
Summary: The 85260 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 27%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 55 | +12.2% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in 85260 in March 2024, up by 12.2% month-over-month. Of the 55 sold homes, 62% were sold under asking, 20% were sold at asking, and 18% were sold over asking.
Days on Market for 85260, AZ
How long does it take to sell a home in 85260, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 60 Days | -21.2% |
Summary: Homes in 85260 had an average of 60 days on market in Mar 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 55 homes were sold in 85260; 35% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.