Is 85296, 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, 85296 has remained a Seller's Market.
Housing Prices in 85296, AZ
How much do homes in 85296, AZ cost?
Median Sold Price
$549,764
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85296 was $549,764 in March 2024, the same as last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $374K | $392.5K | +4.9% |
3 Bedrooms | $495.7K | $465K | -6.2% |
4 Bedrooms | $620K | $632.5K | +2.0% |
5+ Bedrooms | $850K | $792K | -6.8% |
Summary: 85296 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 4.9%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 6.8%.
Housing Supply in 85296, AZ
How many homes are available in 85296, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
139 | 151 | +8.6% |
Summary: The 85296 real estate market had 151 homes for sale in March 2024, a 8.6% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 54 | 61 | +13.0% |
4 Bedrooms | 54 | 56 | +3.7% |
5+ Bedrooms | 29 | 31 | +6.9% |
Summary: The 85296 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 50%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 40 | +25.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 85296 in March 2024, up by 25.0% month-over-month. Of the 40 sold homes, 63% were sold under asking, 33% were sold at asking, and 5% were sold over asking.
Days on Market for 85296, AZ
How long does it take to sell a home in 85296, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 72 Days | +6.7% |
Summary: Homes in 85296 had an average of 72 days on market in Mar 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in 85296; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.