Is 85263, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 85263 was a Seller's Market.
Housing Prices in 85263, AZ
How much do homes in 85263, AZ cost?
Median Sold Price
$740,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85263 was $740,000 in March 2024, up 2.1% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $710K | $653K | -8.0% |
3 Bedrooms | $821K | $840K | +2.3% |
4 Bedrooms | $775K | $1.2M | +54.8% |
5+ Bedrooms | - | $685K | N/A |
Summary: 85263 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 54.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
85262 | $1.4M | $1.5M | +13.7% |
85263 | $725K | $740K | +2.1% |
Housing Supply in 85263, AZ
How many homes are available in 85263, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
151 | 162 | +7.3% |
Summary: The 85263 real estate market had 162 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 68 | 71 | +4.4% |
3 Bedrooms | 68 | 75 | +10.3% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 85263 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 85263 in March 2024, the same as the previous month. Of the 16 sold homes, 88% were sold under asking, 6% were sold at asking, and 6% were sold over asking.
Days on Market for 85263, AZ
How long does it take to sell a home in 85263, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
84 Days | 80 Days | -4.2% |
Summary: Homes in 85263 had an average of 80 days on market in Mar 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 85263; 25% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.