Is 85361, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 85361 was a Seller's Market.
Housing Prices in 85361, AZ
How much do homes in 85361, AZ cost?
Median Sold Price
$560,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 85361 was $560,000 in February 2024, up 2% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $415K | $800K | +92.8% |
3 Bedrooms | $454.9K | $482.4K | +6.0% |
4 Bedrooms | $572.5K | $586K | +2.4% |
5+ Bedrooms | $735K | $587.5K | -20.1% |
Summary: 85361 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 92.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 20.1%.
Housing Supply in 85361, AZ
How many homes are available in 85361, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
84 | 87 | +3.6% |
Summary: The 85361 real estate market had 87 homes for sale in February 2024, a 3.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 45 | 46 | +2.2% |
4 Bedrooms | 30 | 34 | +13.3% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 85361 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 85361 in February 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 85361, AZ
How long does it take to sell a home in 85361, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
169 Days | 79 Days | -53.2% |
Summary: Homes in 85361 had an average of 79 days on market in Feb 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 7 homes were sold in 85361; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.