Is 85338, 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, 85338 has remained a Seller's Market.
Housing Prices in 85338, AZ
How much do homes in 85338, AZ cost?
Median Sold Price
$450,063
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85338 was $450,063 in March 2024, down 6.2% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $459K | $415.1K | -9.6% |
3 Bedrooms | $450.6K | $425.8K | -5.5% |
4 Bedrooms | $496.1K | $466K | -6.1% |
5+ Bedrooms | $578.8K | $575K | -0.7% |
Summary: 85338 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 9.6%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 0.7%.
Housing Supply in 85338, AZ
How many homes are available in 85338, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
392 | 428 | +9.2% |
Summary: The 85338 real estate market had 428 homes for sale in March 2024, a 9.2% 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 | 31 | 30 | -3.2% |
3 Bedrooms | 172 | 196 | +14.0% |
4 Bedrooms | 145 | 156 | +7.6% |
5+ Bedrooms | 44 | 46 | +4.5% |
Summary: The 85338 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 decreased by 3.2%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 97 | +47.0% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 97 homes were sold or pending in 85338 in March 2024, up by 47.0% month-over-month. Of the 97 sold homes, 51% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for 85338, AZ
How long does it take to sell a home in 85338, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 77 Days | +0.6% |
Summary: Homes in 85338 had an average of 77 days on market in Mar 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During March 2024, 97 homes were sold in 85338; 29% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.