Is 85305, 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, 85305 has remained a Seller's Market.
Housing Prices in 85305, AZ
How much do homes in 85305, AZ cost?
Median Sold Price
$490,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85305 was $490,000 in April 2024, up 2.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $379K | $367.5K | -3.0% |
3 Bedrooms | $448.6K | $449.5K | 0.2% |
4 Bedrooms | $549.4K | $540K | -1.7% |
5+ Bedrooms | $600K | $640.9K | +6.8% |
Summary: 85305 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in 85305, AZ
How many homes are available in 85305, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 70 | +2.9% |
Summary: The 85305 real estate market had 70 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 29 | 32 | +10.3% |
4 Bedrooms | 23 | 26 | +13.0% |
5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The 85305 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 decreased by 33.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 85305 in April 2024, down by 11.1% month-over-month. Of the 16 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for 85305, AZ
How long does it take to sell a home in 85305, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 68 Days | +24.2% |
Summary: Homes in 85305 had an average of 68 days on market in Apr 2024, up by 24.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 85305; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.