Is 85303, 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, 85303 has remained a Seller's Market.
Housing Prices in 85303, AZ
How much do homes in 85303, AZ cost?
Median Sold Price
$403,500
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85303 was $403,500 in March 2024, up 0.9% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $327K | $310K | -5.2% |
3 Bedrooms | $380K | $384K | +1.1% |
4 Bedrooms | $450K | $449.9K | 0% |
5+ Bedrooms | $511K | $480.1K | -6.0% |
Summary: 85303 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 5.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6%.
Housing Supply in 85303, AZ
How many homes are available in 85303, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 81 | -13.8% |
Summary: The 85303 real estate market had 81 homes for sale in March 2024, a 13.8% 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 | 2 | 0.0% |
3 Bedrooms | 48 | 45 | -6.3% |
4 Bedrooms | 35 | 25 | -28.6% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 85303 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 remained the same, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 25 | -19.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 85303 in March 2024, down by 19.4% month-over-month. Of the 25 sold homes, 36% were sold under asking, 28% were sold at asking, and 36% were sold over asking.
Days on Market for 85303, AZ
How long does it take to sell a home in 85303, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 42 Days | -32.6% |
Summary: Homes in 85303 had an average of 42 days on market in Mar 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 85303; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.