Is 85298, 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, 85298 has remained a Seller's Market.
Housing Prices in 85298, AZ
How much do homes in 85298, AZ cost?
Median Sold Price
$660,146
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85298 was $660,146 in March 2024, down 3.1% 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 | $522.5K | $508.7K | -2.6% |
3 Bedrooms | $600K | $581K | -3.2% |
4 Bedrooms | $724.7K | $679.9K | -6.2% |
5+ Bedrooms | $871K | $835K | -4.1% |
Summary: 85298 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 2.6%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 85298, AZ
How many homes are available in 85298, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
212 | 236 | +11.3% |
Summary: The 85298 real estate market had 236 homes for sale in March 2024, a 11.3% 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 | 27 | 38 | +40.7% |
3 Bedrooms | 50 | 50 | 0.0% |
4 Bedrooms | 83 | 94 | +13.3% |
5+ Bedrooms | 52 | 54 | +3.8% |
Summary: The 85298 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 40.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 66 | +83.3% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in 85298 in March 2024, up by 83.3% month-over-month. Of the 66 sold homes, 56% were sold under asking, 27% were sold at asking, and 17% were sold over asking.
Days on Market for 85298, AZ
How long does it take to sell a home in 85298, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 46 Days | -35.2% |
Summary: Homes in 85298 had an average of 46 days on market in Mar 2024, down by 35.2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 66 homes were sold in 85298; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.