Is 85286, 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, 85286 has remained a Seller's Market.
Housing Prices in 85286, AZ
How much do homes in 85286, AZ cost?
Median Sold Price
$585,800
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85286 was $585,800 in March 2024, down 4% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $426.8K | $441.5K | +3.4% |
3 Bedrooms | $527.4K | $522.5K | -0.9% |
4 Bedrooms | $665K | $635K | -4.5% |
5+ Bedrooms | $862.5K | $825K | -4.3% |
Summary: 85286 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 3.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in 85286, AZ
How many homes are available in 85286, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
147 | 142 | -3.4% |
Summary: The 85286 real estate market had 142 homes for sale in March 2024, a 3.4% 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 | 6 | -14.3% |
3 Bedrooms | 66 | 68 | +3.0% |
4 Bedrooms | 46 | 43 | -6.5% |
5+ Bedrooms | 28 | 25 | -10.7% |
Summary: The 85286 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 14.3%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 10.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 51 | +59.4% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in 85286 in March 2024, up by 59.4% month-over-month. Of the 51 sold homes, 49% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 85286, AZ
How long does it take to sell a home in 85286, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 40 Days | -44.6% |
Summary: Homes in 85286 had an average of 40 days on market in Mar 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 51 homes were sold in 85286; 39% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.