Is 85297, 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, 85297 has remained a Seller's Market.
Housing Prices in 85297, AZ
How much do homes in 85297, AZ cost?
Median Sold Price
$569,500
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85297 was $569,500 in March 2024, down 4.8% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $475K | $450K | -5.3% |
3 Bedrooms | $500K | $475K | -5.0% |
4 Bedrooms | $632.7K | $587.5K | -7.2% |
5+ Bedrooms | $798.7K | $777K | -2.7% |
Summary: 85297 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 decreased by 5.3%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in 85297, AZ
How many homes are available in 85297, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
114 | 112 | -1.8% |
Summary: The 85297 real estate market had 112 homes for sale in March 2024, a 1.8% 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 | 2 | 1 | -50.0% |
3 Bedrooms | 40 | 40 | 0.0% |
4 Bedrooms | 47 | 48 | +2.1% |
5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The 85297 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 30 | +11.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 85297 in March 2024, up by 11.1% month-over-month. Of the 30 sold homes, 47% were sold under asking, 30% were sold at asking, and 23% were sold over asking.
Days on Market for 85297, AZ
How long does it take to sell a home in 85297, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
91 Days | 52 Days | -43.2% |
Summary: Homes in 85297 had an average of 52 days on market in Mar 2024, down by 43.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 85297; 37% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.