Is 85388, 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, 85388 has remained a Seller's Market.
Housing Prices in 85388, AZ
How much do homes in 85388, AZ cost?
Median Sold Price
$443,800
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85388 was $443,800 in March 2024, down 5.6% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $375.8K | $339K | -9.8% |
3 Bedrooms | $435K | $410K | -5.7% |
4 Bedrooms | $483K | $465K | -3.7% |
5+ Bedrooms | $546K | $531.7K | -2.6% |
Summary: 85388 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 9.8%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in 85388, AZ
How many homes are available in 85388, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
194 | 206 | +6.2% |
Summary: The 85388 real estate market had 206 homes for sale in March 2024, a 6.2% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 79 | 92 | +16.5% |
4 Bedrooms | 88 | 87 | -1.1% |
5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The 85388 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 remained the same, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 57 | +83.9% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in 85388 in March 2024, up by 83.9% month-over-month. Of the 57 sold homes, 46% were sold under asking, 37% were sold at asking, and 18% were sold over asking.
Days on Market for 85388, AZ
How long does it take to sell a home in 85388, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 62 Days | -12.8% |
Summary: Homes in 85388 had an average of 62 days on market in Mar 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 57 homes were sold in 85388; 28% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.