Is 85281, 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, 85281 has remained a Seller's Market.
Housing Prices in 85281, AZ
How much do homes in 85281, AZ cost?
Median Sold Price
$425,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85281 was $425,000 in March 2024, up 0.8% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $268K | $275.5K | +2.8% |
2 Bedrooms | $355K | $382.7K | +7.8% |
3 Bedrooms | $455K | $450K | -1.1% |
4 Bedrooms | $500K | $512.5K | +2.5% |
5+ Bedrooms | $635K | $585K | -7.9% |
Summary: 85281 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 7.9%.
Housing Supply in 85281, AZ
How many homes are available in 85281, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
110 | 107 | -2.7% |
Summary: The 85281 real estate market had 107 homes for sale in March 2024, a 2.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 41 | 45 | +9.8% |
3 Bedrooms | 40 | 36 | -10.0% |
4 Bedrooms | 17 | 15 | -11.8% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 85281 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 9.8%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 20 | -52.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 85281 in March 2024, down by 52.4% month-over-month. Of the 20 sold homes, 35% were sold under asking, 45% were sold at asking, and 20% were sold over asking.
Days on Market for 85281, AZ
How long does it take to sell a home in 85281, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 34 Days | -40.6% |
Summary: Homes in 85281 had an average of 34 days on market in Mar 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 85281; 65% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.