Is 85301, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 85301 has remained a Seller's Market.
Housing Prices in 85301, AZ
How much do homes in 85301, AZ cost?
Median Sold Price
$317,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85301 was $317,500 in April 2024, up 13.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173.5K | $175K | +0.9% |
2 Bedrooms | $232.5K | $244K | +4.9% |
3 Bedrooms | $305K | $320K | +4.9% |
4 Bedrooms | $377.4K | $396K | +4.9% |
5+ Bedrooms | $400K | $409K | +2.3% |
Summary: 85301 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 2.3%.
Housing Supply in 85301, AZ
How many homes are available in 85301, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
129 | 127 | -1.6% |
Summary: The 85301 real estate market had 127 homes for sale in April 2024, a 1.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 31 | 32 | +3.2% |
3 Bedrooms | 58 | 55 | -5.2% |
4 Bedrooms | 31 | 28 | -9.7% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 85301 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 35 | -2.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in 85301 in April 2024, down by 2.8% month-over-month. Of the 35 sold homes, 40% were sold under asking, 26% were sold at asking, and 34% were sold over asking.
Days on Market for 85301, AZ
How long does it take to sell a home in 85301, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 44 Days | +5.8% |
Summary: Homes in 85301 had an average of 44 days on market in Apr 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in 85301; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.