Is 85383, 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, 85383 has remained a Seller's Market.
Housing Prices in 85383, AZ
How much do homes in 85383, AZ cost?
Median Sold Price
$650,985
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85383 was $650,985 in March 2024, down 2.1% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $657K | $640K | -2.6% |
3 Bedrooms | $605K | $575K | -5.0% |
4 Bedrooms | $662.7K | $675.8K | +2.0% |
5+ Bedrooms | $792.5K | $815K | +2.8% |
Summary: 85383 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in 85383, AZ
How many homes are available in 85383, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
417 | 484 | +16.1% |
Summary: The 85383 real estate market had 484 homes for sale in March 2024, a 16.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 60 | 74 | +23.3% |
3 Bedrooms | 119 | 135 | +13.4% |
4 Bedrooms | 167 | 189 | +13.2% |
5+ Bedrooms | 71 | 86 | +21.1% |
Summary: The 85383 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 23.3%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 81 | -4.7% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in 85383 in March 2024, down by 4.7% month-over-month. Of the 81 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for 85383, AZ
How long does it take to sell a home in 85383, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 58 Days | -23.5% |
Summary: Homes in 85383 had an average of 58 days on market in Mar 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During March 2024, 81 homes were sold in 85383; 37% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.