Is 85283, 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, 85283 has remained a Seller's Market.
Housing Prices in 85283, AZ
How much do homes in 85283, AZ cost?
Median Sold Price
$479,666
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85283 was $479,666 in March 2024, up 3.2% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $215K | 0.0% |
2 Bedrooms | $325K | $340K | +4.6% |
3 Bedrooms | $470K | $467K | -0.6% |
4 Bedrooms | $590.5K | $551.8K | -6.6% |
5+ Bedrooms | $709K | $790K | +11.4% |
Summary: 85283 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 increased by 4.6%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 11.4%.
Housing Supply in 85283, AZ
How many homes are available in 85283, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 99 | +5.3% |
Summary: The 85283 real estate market had 99 homes for sale in March 2024, a 5.3% 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 | 19 | 23 | +21.1% |
3 Bedrooms | 42 | 42 | 0.0% |
4 Bedrooms | 30 | 29 | -3.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 85283 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 21.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 85283 in March 2024, up by 8.0% month-over-month. Of the 27 sold homes, 67% were sold under asking, 30% were sold at asking, and 4% were sold over asking.
Days on Market for 85283, AZ
How long does it take to sell a home in 85283, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 58 Days | -7.6% |
Summary: Homes in 85283 had an average of 58 days on market in Mar 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 85283; 26% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.