Is 85284, 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, 85284 has remained a Seller's Market.
Housing Prices in 85284, AZ
How much do homes in 85284, AZ cost?
Median Sold Price
$635,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85284 was $635,000 in March 2024, down 11.5% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $400K | $442.5K | +10.6% |
3 Bedrooms | $560K | $550K | -1.8% |
4 Bedrooms | $745K | $691K | -7.2% |
5+ Bedrooms | $910K | $1.1M | +30.9% |
Summary: 85284 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 10.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 30.9%.
Housing Supply in 85284, AZ
How many homes are available in 85284, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 48 | -7.7% |
Summary: The 85284 real estate market had 48 homes for sale in March 2024, a 7.7% decrease 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 | 7 | 2 | -71.4% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The 85284 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 decreased by 71.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 14 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 85284 in March 2024, down by 33.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 43% were sold at asking, and 21% were sold over asking.
Days on Market for 85284, AZ
How long does it take to sell a home in 85284, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 48 Days | -23.2% |
Summary: Homes in 85284 had an average of 48 days on market in Mar 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 85284; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.