Is 85351, 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, 85351 has remained a Seller's Market.
Housing Prices in 85351, AZ
How much do homes in 85351, AZ cost?
Median Sold Price
$265,553
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85351 was $265,553 in March 2024, down 5.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $170K | -5.6% |
2 Bedrooms | $275K | $259.9K | -5.5% |
3 Bedrooms | $346.8K | $342.5K | -1.3% |
4 Bedrooms | $475K | $418.7K | -11.8% |
5+ Bedrooms | - | - | N/A |
Summary: 85351 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes did not change.
Housing Supply in 85351, AZ
How many homes are available in 85351, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
487 | 507 | +4.1% |
Summary: The 85351 real estate market had 507 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 41 | 51 | +24.4% |
2 Bedrooms | 330 | 337 | +2.1% |
3 Bedrooms | 113 | 115 | +1.8% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 85351 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.4%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
100 | 123 | +23.0% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 123 homes were sold or pending in 85351 in March 2024, up by 23.0% month-over-month. Of the 123 sold homes, 54% were sold under asking, 33% were sold at asking, and 13% were sold over asking.
Days on Market for 85351, AZ
How long does it take to sell a home in 85351, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 75 Days | +9.1% |
Summary: Homes in 85351 had an average of 75 days on market in Mar 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Summary: During March 2024, 123 homes were sold in 85351; 22% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.