Is 85375, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 85375 has remained a Seller's Market.
Housing Prices in 85375, AZ
How much do homes in 85375, AZ cost?
Median Sold Price
$379,912
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85375 was $379,912 in April 2024, down 5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $215K | -4.4% |
2 Bedrooms | $375K | $363.6K | -3.0% |
3 Bedrooms | $500K | $470K | -6.0% |
4 Bedrooms | $580K | $504K | -13.1% |
5+ Bedrooms | $597.5K | $530K | -11.3% |
Summary: 85375 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 11.3%.
Housing Supply in 85375, AZ
How many homes are available in 85375, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
507 | 503 | -0.8% |
Summary: The 85375 real estate market had 503 homes for sale in April 2024, a 0.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 15 | 0.0% |
2 Bedrooms | 357 | 351 | -1.7% |
3 Bedrooms | 113 | 118 | +4.4% |
4 Bedrooms | 21 | 18 | -14.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 85375 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 125 | +17.9% |
Asking Price vs. Sold Price
78 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 125 homes were sold or pending in 85375 in April 2024, up by 17.9% month-over-month. Of the 125 sold homes, 62% were sold under asking, 30% were sold at asking, and 7% were sold over asking.
Days on Market for 85375, AZ
How long does it take to sell a home in 85375, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 59 Days | -14.7% |
Summary: Homes in 85375 had an average of 59 days on market in Apr 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During April 2024, 125 homes were sold in 85375; 39% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.