Is 85381, 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, 85381 has remained a Seller's Market.
Housing Prices in 85381, AZ
How much do homes in 85381, AZ cost?
Median Sold Price
$443,333
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85381 was $443,333 in March 2024, down 4.4% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $219.9K | $206.2K | -6.2% |
2 Bedrooms | $264.9K | $273K | +3.0% |
3 Bedrooms | $438K | $430K | -1.8% |
4 Bedrooms | $518.7K | $500K | -3.6% |
5+ Bedrooms | $650K | $635K | -2.3% |
Summary: 85381 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 2.3%.
Housing Supply in 85381, AZ
How many homes are available in 85381, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 102 | +3.0% |
Summary: The 85381 real estate market had 102 homes for sale in March 2024, a 3.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 41 | 40 | -2.4% |
4 Bedrooms | 27 | 29 | +7.4% |
5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The 85381 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 29 | +52.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 85381 in March 2024, up by 52.6% month-over-month. Of the 29 sold homes, 59% were sold under asking, 31% were sold at asking, and 10% were sold over asking.
Days on Market for 85381, AZ
How long does it take to sell a home in 85381, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 45 Days | +2.2% |
Summary: Homes in 85381 had an average of 45 days on market in Mar 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 85381; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.