Is 85331, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 85331 was a Seller's Market.
Housing Prices in 85331, AZ
How much do homes in 85331, AZ cost?
Median Sold Price
$817,833
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85331 was $817,833 in March 2024, up 2.1% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $277.5K | $282.4K | +1.8% |
2 Bedrooms | $550K | $560.9K | +2.0% |
3 Bedrooms | $699.9K | $750K | +7.1% |
4 Bedrooms | $925K | $950K | +2.7% |
5+ Bedrooms | $1.2M | $1.3M | +5.0% |
Summary: 85331 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 5%.
Housing Supply in 85331, AZ
How many homes are available in 85331, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
304 | 324 | +6.6% |
Summary: The 85331 real estate market had 324 homes for sale in March 2024, a 6.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 34 | 38 | +11.8% |
3 Bedrooms | 106 | 109 | +2.8% |
4 Bedrooms | 114 | 119 | +4.4% |
5+ Bedrooms | 48 | 56 | +16.7% |
Summary: The 85331 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 11.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 52 | +18.2% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in 85331 in March 2024, up by 18.2% month-over-month. Of the 52 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.
Days on Market for 85331, AZ
How long does it take to sell a home in 85331, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 64 Days | -2.6% |
Summary: Homes in 85331 had an average of 64 days on market in Mar 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 52 homes were sold in 85331; 37% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.