Is 85262, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 85262 was a Neutral Market.
Housing Prices in 85262, AZ
How much do homes in 85262, AZ cost?
Median Sold Price
$1,550,000
$457/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 85262 was $1,550,000 in February 2024, up 7.3% from last year, and the median price per square foot was $457.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $875K | N/A |
2 Bedrooms | $897.5K | $734.5K | -18.2% |
3 Bedrooms | $1.1M | $1.5M | +25.5% |
4 Bedrooms | $1.6M | $1.6M | 0.5% |
5+ Bedrooms | $2.2M | $3.0M | +35.5% |
Summary: 85262 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 35.5%.
Housing Supply in 85262, AZ
How many homes are available in 85262, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
398 | 437 | +9.8% |
Summary: The 85262 real estate market had 437 homes for sale in February 2024, a 9.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 22 | 24 | +9.1% |
3 Bedrooms | 125 | 133 | +6.4% |
4 Bedrooms | 183 | 205 | +12.0% |
5+ Bedrooms | 68 | 75 | +10.3% |
Summary: The 85262 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 10.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
32 | 55 | +71.9% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in 85262 in February 2024, up by 71.9% month-over-month. Of the 55 sold homes, 69% were sold under asking, 24% were sold at asking, and 7% were sold over asking.
Days on Market for 85262, AZ
How long does it take to sell a home in 85262, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
93 Days | 132 Days | +42.0% |
Summary: Homes in 85262 had an average of 132 days on market in Feb 2024, up by 42% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During February 2024, 55 homes were sold in 85262; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.