Is 85374, 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, 85374 has remained a Seller's Market.
Housing Prices in 85374, AZ
How much do homes in 85374, AZ cost?
Median Sold Price
$400,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85374 was $400,000 in March 2024, down 4.8% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $242K | -1.2% |
2 Bedrooms | $405K | $393.7K | -2.8% |
3 Bedrooms | $430K | $405K | -5.8% |
4 Bedrooms | $445.9K | $436.4K | -2.1% |
5+ Bedrooms | $518.7K | $475K | -8.4% |
Summary: 85374 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 8.4%.
Housing Supply in 85374, AZ
How many homes are available in 85374, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
414 | 424 | +2.4% |
Summary: The 85374 real estate market had 424 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 242 | 251 | +3.7% |
3 Bedrooms | 122 | 122 | 0.0% |
4 Bedrooms | 34 | 31 | -8.8% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 85374 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 3.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 92 | +33.3% |
Asking Price vs. Sold Price
72 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in 85374 in March 2024, up by 33.3% month-over-month. Of the 92 sold homes, 78% were sold under asking, 15% were sold at asking, and 7% were sold over asking.
Days on Market for 85374, AZ
How long does it take to sell a home in 85374, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 62 Days | -12.8% |
Summary: Homes in 85374 had an average of 62 days on market in Mar 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During March 2024, 92 homes were sold in 85374; 30% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.