Is 85387, 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, 85387 has remained a Seller's Market.
Housing Prices in 85387, AZ
How much do homes in 85387, AZ cost?
Median Sold Price
$449,993
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85387 was $449,993 in March 2024, down 7.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $480K | $439.9K | -8.3% |
3 Bedrooms | $459.9K | $417.9K | -9.1% |
4 Bedrooms | $505.7K | $468.8K | -7.3% |
5+ Bedrooms | $569K | $560.3K | -1.5% |
Summary: 85387 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 8.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 85387, AZ
How many homes are available in 85387, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
460 | 459 | -0.2% |
Summary: The 85387 real estate market had 459 homes for sale in March 2024, a 0.2% decrease 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 | 65 | 70 | +7.7% |
3 Bedrooms | 208 | 219 | +5.3% |
4 Bedrooms | 146 | 131 | -10.3% |
5+ Bedrooms | 41 | 39 | -4.9% |
Summary: The 85387 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 7.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 4.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
95 | 105 | +10.5% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 105 homes were sold or pending in 85387 in March 2024, up by 10.5% month-over-month. Of the 105 sold homes, 47% were sold under asking, 39% were sold at asking, and 14% were sold over asking.
Days on Market for 85387, AZ
How long does it take to sell a home in 85387, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 90 Days | +28.5% |
Summary: Homes in 85387 had an average of 90 days on market in Mar 2024, up by 28.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Summary: During March 2024, 105 homes were sold in 85387; 25% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.