Is 85295, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 85295 has remained a Seller's Market.
Housing Prices in 85295, AZ
How much do homes in 85295, AZ cost?
Median Sold Price
$529,180
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 85295 was $529,180 in February 2024, down 5.3% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $900K | - | N/A |
2 Bedrooms | $436.5K | $400K | -8.4% |
3 Bedrooms | $508.3K | $475K | -6.6% |
4 Bedrooms | $630K | $620K | -1.6% |
5+ Bedrooms | $900K | $802.1K | -10.9% |
Summary: 85295 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.4%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 10.9%.
Housing Supply in 85295, AZ
How many homes are available in 85295, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
179 | 174 | -2.8% |
Summary: The 85295 real estate market had 174 homes for sale in February 2024, a 2.8% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 80 | 77 | -3.8% |
4 Bedrooms | 57 | 55 | -3.5% |
5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The 85295 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 52 | +26.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in 85295 in February 2024, up by 26.8% month-over-month. Of the 52 sold homes, 46% were sold under asking, 35% were sold at asking, and 19% were sold over asking.
Days on Market for 85295, AZ
How long does it take to sell a home in 85295, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
79 Days | 40 Days | -49.0% |
Summary: Homes in 85295 had an average of 40 days on market in Feb 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 52 homes were sold in 85295; 48% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.