Is 85340, 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, 85340 has remained a Seller's Market.
Housing Prices in 85340, AZ
How much do homes in 85340, AZ cost?
Median Sold Price
$498,231
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85340 was $498,231 in March 2024, down 6.9% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.8K | $285K | +4.5% |
2 Bedrooms | $426K | $390.1K | -8.4% |
3 Bedrooms | $470K | $475K | +1.1% |
4 Bedrooms | $602.2K | $500K | -17.0% |
5+ Bedrooms | $655K | $685K | +4.6% |
Summary: 85340 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in 85340, AZ
How many homes are available in 85340, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
327 | 345 | +5.5% |
Summary: The 85340 real estate market had 345 homes for sale in March 2024, a 5.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 31 | 30 | -3.2% |
3 Bedrooms | 110 | 118 | +7.3% |
4 Bedrooms | 117 | 127 | +8.5% |
5+ Bedrooms | 67 | 67 | 0.0% |
Summary: The 85340 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 84 | +33.3% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in 85340 in March 2024, up by 33.3% month-over-month. Of the 84 sold homes, 57% were sold under asking, 32% were sold at asking, and 11% were sold over asking.
Days on Market for 85340, AZ
How long does it take to sell a home in 85340, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 86 Days | +8.2% |
Summary: Homes in 85340 had an average of 86 days on market in Mar 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During March 2024, 84 homes were sold in 85340; 29% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.