Is 85302, 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, 85302 has remained a Seller's Market.
Housing Prices in 85302, AZ
How much do homes in 85302, AZ cost?
Median Sold Price
$386,375
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85302 was $386,375 in March 2024, down 0.9% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157.5K | $185K | +17.5% |
2 Bedrooms | $265K | $264.5K | -0.2% |
3 Bedrooms | $385K | $375K | -2.6% |
4 Bedrooms | $440K | $435K | -1.1% |
5+ Bedrooms | $490K | $470K | -4.1% |
Summary: 85302 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 85302, AZ
How many homes are available in 85302, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 106 | +16.5% |
Summary: The 85302 real estate market had 106 homes for sale in March 2024, a 16.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 45 | 51 | +13.3% |
4 Bedrooms | 30 | 33 | +10.0% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 85302 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 25 | +19.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 85302 in March 2024, up by 19.0% month-over-month. Of the 25 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for 85302, AZ
How long does it take to sell a home in 85302, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 55 Days | +10.4% |
Summary: Homes in 85302 had an average of 55 days on market in Mar 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 85302; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.