Is 85304, 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, 85304 has remained a Seller's Market.
Housing Prices in 85304, AZ
How much do homes in 85304, AZ cost?
Median Sold Price
$401,687
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85304 was $401,687 in March 2024, down 4.7% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $188K | +7.4% |
2 Bedrooms | $240K | $249K | +3.8% |
3 Bedrooms | $420K | $395K | -6.0% |
4 Bedrooms | $440K | $457.5K | +4.0% |
5+ Bedrooms | $582.9K | $615K | +5.5% |
Summary: 85304 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 5.5%.
Housing Supply in 85304, AZ
How many homes are available in 85304, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
87 | 94 | +8.0% |
Summary: The 85304 real estate market had 94 homes for sale in March 2024, a 8.0% 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 | 9 | 13 | +44.4% |
3 Bedrooms | 45 | 42 | -6.7% |
4 Bedrooms | 27 | 31 | +14.8% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 85304 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 44.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 85304 in March 2024, down by 12.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 52% were sold at asking, and 19% were sold over asking.
Days on Market for 85304, AZ
How long does it take to sell a home in 85304, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 52 Days | -30.9% |
Summary: Homes in 85304 had an average of 52 days on market in Mar 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 85304; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.