Is 85308, 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, 85308 has remained a Seller's Market.
Housing Prices in 85308, AZ
How much do homes in 85308, AZ cost?
Median Sold Price
$480,438
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85308 was $480,438 in March 2024, down 2.9% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $295K | -7.8% |
2 Bedrooms | $350K | $348.5K | -0.4% |
3 Bedrooms | $455K | $430K | -5.5% |
4 Bedrooms | $579.5K | $575K | -0.8% |
5+ Bedrooms | $705K | $710K | +0.7% |
Summary: 85308 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in 85308, AZ
How many homes are available in 85308, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
206 | 222 | +7.8% |
Summary: The 85308 real estate market had 222 homes for sale in March 2024, a 7.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 16 | +33.3% |
3 Bedrooms | 101 | 104 | +3.0% |
4 Bedrooms | 76 | 79 | +3.9% |
5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The 85308 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 33.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 66 | +32.0% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in 85308 in March 2024, up by 32.0% month-over-month. Of the 66 sold homes, 62% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for 85308, AZ
How long does it take to sell a home in 85308, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 52 Days | -14.2% |
Summary: Homes in 85308 had an average of 52 days on market in Mar 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 66 homes were sold in 85308; 48% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.